Can You Get a Mortgage With a Low Credit Score?

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Can You Get a Mortgage With a Low Credit Score?

By Michele Lerner
Published September 15, 2014

foxbuisness9-19-14Fear of a loan denial has led some consumers with low credit scores to simply not bother applying for a mortgage. But, while you’ll still have to provide proof of your income and assets and an explanation of your low credit score, it is possible to get a mortgage with a low credit score from some lenders.

“Your credit score is a piece in the qualification puzzle, but it’s not the whole puzzle,” says Josh Moffitt, president of Silverton Mortgage Specialists in Atlanta.

‘Fair’ to ‘Poor’ is Considered a Low Credit Score

There aren’t any hard lines between a “good” and “bad” credit score. The scores break down like this:

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