Let’s face it: credit scores are pretty much everything when it comes to getting a loan for a house. If you have a bad credit score, it can be difficult to get this kind of loan. However, there are ways to get around having a bad credit score when you need a home loan. One of these ways is to just accept a higher interest rate.
You’ll end up owing more if you don’t pay on time, and even more so than someone with good credit, so it works as a way to encourage those with bad credit to pay on time. If you have enough money on hand, you could put down a larger down payment, so that you have less to borrow. The worst any loaner can say is “no”, so if you need that home loan, keep trying.