Government-backed programs are the most common route because they insure lenders against default, allowing for more flexible entry requirements.
: These are the standard for low-credit buyers. Score 580+ : Requires only a 3.5% down payment . Score 500–579 : Requires a 10% down payment . trying to buy a house with bad credit
: Some 2026 lenders like Guild Mortgage and Sage Home Loans specifically market to these lower brackets. Government-backed programs are the most common route because