If you’re worried that your credit is too low to get approved for a home loan, you’re not alone. Low or bad credit is something that many Americans are facing. But even with poor credit, there is good news! There are government loan programs made for borrowers with lower credit.
Also, consider that poor credit is not a permanent situation. Starting right now, you can increase your chances of getting approved for a loan by raising your credit score.
What Credit Score Do You Need To Get a Home Loan?
Credit score, also called a FICO score, is a three-digit number that rates your creditworthiness. It’s based on your credit history, and it tells lenders the probability of you repaying your debts. The higher the score, the more likely it is that
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