If you are a veteran, service member, or eligible spouse, VA loans often have (though many lenders set their own "overlays" around 580–620).
: They require $0 down payment and no monthly mortgage insurance. USDA Loans (U.S. Department of Agriculture) : how can i buy my first home with bad credit
Buying your first home with bad credit is entirely achievable, though it requires strategic planning and specific loan programs designed for "subprime" or "fair" credit profiles. As of 2026, several government-backed and specialized programs make homeownership accessible for first-time buyers even with scores as low as 500. High-Potential Loan Options for Bad Credit If you are a veteran, service member, or
: You may still qualify, but lenders typically require a 10% down payment to offset the risk. If you are a veteran