Can I Buy a House With a 400 Credit Score?

A very good Sunday morning to you. The sky is currently dressed in a very light shade of gray right now. Let's hope it does not change into something darker later. We hope you are enjoying your Labor day Weekend. Today's topic is, can you buy a house with a 400 credit score? The answer is no, you cannot buy a home with a 400 credit score:(

FHA does allow you to purchase a home with a 500 credit score and 10% down payment. However, in addition to the large upfront cash down payment, you may also need to have 3-6 months mortgage payments in verifiable liquid assets before closing. 

As always, thank you so much for stopping by. Remember, if you are thinking of purchasing your first home, please give us a call 713.204.8013 or Email us. We are here to help. We have been helping Houston first time home buyers since 2011 and we can help you. I hope you have an amazing day. Until next time...Diana