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A less-than-perfect credit score does not have to stop you from becoming a homeowner. Rosalyn specializes in finding mortgage solutions for borrowers in Texas and Arkansas.
Many people believe you need perfect credit to buy a home — that is simply not true. Multiple loan programs exist specifically for borrowers with low credit scores, limited credit history, or no traditional credit at all. Whether you are rebuilding after a financial setback or just starting to establish credit, Rosalyn will find a path to homeownership for you in Texas or Arkansas.
With a 580 credit score, you can qualify for an FHA loan with just 3.5% down. This is the most popular option for borrowers rebuilding their credit.
Scores between 500 and 579 can still qualify for an FHA loan with a 10% down payment. Rosalyn works with lenders that accept these lower scores.
If your credit score does not tell your whole story, manual underwriting allows a human underwriter to evaluate your full financial picture, including rental history, utilities, and other alternative credit factors.
No credit score at all? Some programs accept non-traditional credit references such as rent payments, utility bills, insurance premiums, and phone bills to establish creditworthiness.
Payment history accounts for 35% of your credit score. Even one late payment can hurt. Set up autopay or reminders for every bill.
Keep your credit utilization below 30% of your limit. Paying down credit cards is one of the fastest ways to boost your score.
Length of credit history matters. Keep older credit cards open, even if you do not use them regularly.
Review your credit report at AnnualCreditReport.com. Errors are common and disputing incorrect information can raise your score quickly.
Each hard inquiry can lower your score by a few points. Avoid opening new credit cards or loans in the months before applying for a mortgage.
Rosalyn reviews your current credit situation and identifies the best path forward — whether you are ready now or need a few months to improve.
Based on your credit profile, we match you with the right loan program — FHA, manual underwriting, or non-traditional credit.
Once we identify your program, you get a pre-qualification letter so you can shop for your home with confidence.
Rosalyn guides you through underwriting and closing, making sure your unique credit situation is properly presented to the lender.
Not sure where you stand? Fill out the form and Rosalyn will review your situation for free and recommend the best path forward. Available in English and Spanish.