First Time Home Buyer Colorado Bad Credit. There are loan programs that allow credit scores as low as 500 and without any waiting periods for major credit events such as a recent bankruptcy foreclosure or short sale. Explore the programs and choose which lender is best for you.
There are loan programs that allow credit scores as low as 500 and without any waiting periods for major credit events such as a recent bankruptcy foreclosure or short sale. So the two most common myths around buying a home are that 1. Are there mortgage loan options for borrowers with bad credit.
If this is you don t worry this is a common but inaccurate assumption.
Explore the programs and choose which lender is best for you. The minimum credit score required for an fha loan is 500. Colorado first time home buyer programs offer specialized loans down payment assistance and tax credits to help you afford your first home. Yes both fha loans and non prime loans are available to borrowers with lower credit score and other credit challenges.