: You may still qualify for an FHA-insured mortgage, but you are generally required to make a larger down payment of at least 10% .
While the FHA sets a baseline score of 500, many private lenders—such as Rocket Mortgage or Freedom Mortgage —apply their own stricter rules called "overlays". can you buy a hud home with bad credit
In this process, a human underwriter reviews factors like your rental payment history and utility bills rather than relying solely on an automated score. : You may still qualify for an FHA-insured
HUD homes are sold and may require significant work. can you buy a hud home with bad credit