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Which Mortgage Lenders accept 500 credit scores?

Several exceptional lenders are willing to offer mortgages to borrowers with credit scores as low as 500. These include Federal Housing Administration (FHA) loans, where you may only need to put 10% down. Read on for the best mortgage lenders that accept 500 credit scores. 1. Best for Overall Mortgage Options: Angel Oak Mortgage Solutions

Does a 500 credit score affect a mortgage loan?

Yes, a 500 credit score can affect how much a mortgage lender will approve for your loan. Your income, savings, down payment, total debt and debt-to-income ratio will all factor into the amount you can borrow.

Do you need a 500 credit score to get a mortgage?

Benzinga readers often choose CrossCountry Mortgage as their mortgage lender if they have a 500 credit score. Buying a home and securing a mortgage is daunting for most new home buyers. If you’ve got a low credit score, it can become even more challenging. The good news?

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