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WebApr 25, 2024 · If you have a credit score between 500 and 579, the loan-to-value ratio is limited to a maximum of 90% on any FHA loan you might be approved for. That means you’ll need to come up with at least 10% of the purchase price as a down payment. For example, if you buy a home for $200,000, you’ll need at least $20,000 for the down payment. WebOct 4, 2024 · Buying a house with no credit. First-time home buyers have never had a mortgage. They may own their car outright instead of paying down an auto loan. cowardly one crossword
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