Credit challenges? You still have options.
FHA financing is available down to a 500 credit score, and non-QM lenders have programs for recent bankruptcies, foreclosures and late payments. Erick works with 170+ lenders to find the one that says yes.
A credit score is a number, not a verdict.
FHA was built for buyers who do not fit the perfect-credit mold, and non-QM lenders fill the gaps FHA cannot. Between the two, most borrowers with scores in the 500s and 600s, collections, medical debt, or a past bankruptcy or foreclosure have a realistic path to a home.
Who it fits
- Credit scores from 500 to 640
- Recent bankruptcy, foreclosure, short sale or deed in lieu
- Collections, charge-offs or medical debt on the report
- Late payments in the last 12 to 24 months
- First-time buyers rebuilding after a rough stretch
Let’s find the right fit.
Apply now or talk through your options with Erick.
Why borrowers choose Subprime Credit & FHA loans.
FHA down to 500
FHA allows scores of 500 to 579 with 10% down, and 580 or higher with 3.5% down. Credit guidelines are far more forgiving than conventional.
Non-QM for recent events
Programs that accept a bankruptcy or foreclosure as recent as one day ago, with larger down payments and compensating factors.
Higher debt ratios
FHA can go to a 50% or higher debt-to-income ratio with strong compensating factors.
Gift funds and assistance
Down payment can come from family gifts or Arizona down payment assistance programs.
A plan to refinance
Buy now with the loan you qualify for, then refinance into better terms once your credit recovers. Erick maps the timeline.
Honest pre-screening
Erick pulls the file apart before you apply so you know what is realistic and what to fix first.
Typical requirements
Credit score of 500 or higher (FHA) or case by case (non-QM)
Down payment of 3.5% to 10% on FHA; 10% to 25% on non-QM
Stable income and two years of employment history
Waiting periods after a credit event vary by program
Primary residence for FHA; non-QM allows other property types
Guidelines vary by lender, program and property. Erick will confirm exact requirements for your file.
How it works
Quick call.
Ten minutes on the phone. You tell Erick the goal, he tells you the realistic options.
Pre-approval.
Send documents through a secure link. Most pre-approvals are issued the same day.
Lock and process.
Rate locked, file submitted, updates in plain English every step.
Close.
Sign with a remote online notary where available, or in person. Keys in hand.
Subprime Credit & FHA loans FAQ
Can I really get a mortgage with a 500 credit score?
Yes, with FHA and a 10% down payment, provided income, employment and the property qualify. Not every lender offers it, which is where a broker with 170+ lenders helps.
I had a bankruptcy last year. Am I out?
No. FHA requires a waiting period of one to two years, and some non-QM programs have no waiting period at all with a larger down payment.
Will the rate be high?
Rates are higher than for perfect credit, but FHA pricing is surprisingly competitive. Many clients refinance into a lower rate within one to two years.
What should I do before applying?
Call Erick first. Paying down the right card, disputing an error, or waiting 30 days can change the outcome.
Ready to talk numbers?
Call, email or send a quick message. Erick answers questions directly and tells you what fits, and what does not.
