If you’re thinking about buying a home in Walnut Creek, the East Bay, or anywhere in California but worried about your credit score, you’re not alone. Many people wonder, can you buy a house with bad credit? The short answer is yes — but like many things in real estate, it depends on your situation and how you plan for it.

What Counts as Bad Credit?

Generally, a credit score below 620 is considered “bad” by most lenders. That can feel like a major hurdle, but don’t lose hope. There are lenders and loan programs designed to help buyers with less-than-perfect credit get into a home.

How Can You Buy with Bad Credit?

One of the most popular options for buyers with low credit scores is an FHA loan. This federally backed program allows some buyers to qualify with credit scores as low as 500. The key: a larger down payment. Since lenders want to minimize their risk, the more money you put down upfront, the better your chances of approval, even with bad credit.

Tips for Improving Your Credit Before Buying

Improving your credit score isn’t complicated. Here are some straightforward steps you can take:

• Pay down existing debts steadily.

• Dispute any errors on your credit report.

• Maintain an upward trend in your credit score over time.

Even a small increase in your credit score can make a big difference in how lenders view your application.

Why Work with the Right Lender?

Not all lenders are equal, especially when it comes to buyers with bad credit. The best mortgage brokers shop around with dozens of lenders and stay up-to-date on the latest loan programs available in California. They can help you find the right fit for your financial situation and guide you through the process.

Your Walnut Creek Real Estate Journey Starts Here

If you’re in the East Bay and wondering whether your credit score will hold you back from buying a home, don’t assume it’s impossible. With the right guidance and preparation, you can find a path forward. Feel free to message us for lender recommendations or answers to any of your questions about buying a home with bad credit.

At Ask Brendan, we’re here to help you navigate the sometimes complex world of Walnut Creek real estate and make your dream of homeownership in California a reality.