Can You Buy a Home with a 580 Credit Score?

dreamhomemortgage · 2025-09-30T06:44:16Z

Hi everyone, Many people worry that a 580 credit score makes homeownership impossible, but that’s not true! FHA loans allow approval with just 3.5% down, and refinancing can be an option when mortgage rates go down. In Dallas, working with the best mortgage companies or a trusted mortgage broker in Plano TX can make the process smoother. Even with a 580 score, it’s possible to secure a home with loan or explore equity options. Has anyone here successfully bought a home with a lower credit score? I’d love to hear your experience!

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gaming_jerry

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That part about “monthly payment is everything” really hits home for me.

Monthly payment is everything. If it fits your budget and leaves room for emergencies, that’s way more important than holding out for some mythical low rate you might never see.

I’m in the middle of this process now and honestly, the rates and fees are a little overwhelming. Did anyone here try negotiating with lenders or shopping around to get better terms, even with a lower score? Wondering if it actually made a difference for you or if most places just stick to their numbers.

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Can You Buy a Home with a 580 Credit Score?

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