Can You Get a Mortgage With a Low Credit Score?
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By Michele Lerner
Published September 15, 2014
Fear 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:
