Can I Buy a House With a 580 Credit Score?

Yes — many buyers are surprised to learn that homeownership may still be possible with a 580 credit score.

FHA financing typically allows for credit scores starting at 580 with as little as 3.5% down. There are also some lenders and alternative loan programs that may go down to a 500 credit score depending on the overall loan scenario, down payment, reserves, and compensating factors.

In some cases, there are even programs available that offer 100% financing, meaning no down payment may be required.

Every lender and loan program has different guidelines, which is why it’s important to work with a mortgage professional who can review your full financial picture and determine the best option for you.