Purchasing a house with bad credit can be a formidable challenge, but it’s certainly not impossible. With the right strategies and guidance, homeownership can be within reach for many individuals, regardless of their credit history.
Bad credit can stem from various factors, such as missed payments, high credit utilization, or simply a lack of established credit. Lenders assess your creditworthiness through your credit score, and a low score can result in higher interest rates, limited loan options, or even loan denials.