If you’ve done any Google searching or looked at other lenders, you’ve probably seen that “620 benchmark” a lot. Many conventional lenders indeed prefer a credit score of 620 or higher. However, at First Option Mortgage Indiana, we’re able to provide a little more flexibility.

Do You Need a 620 or Higher Credit Score to Buy a House? The short answer is no, not at First Option Mortgage.

We’ve developed a strong reputation over the past 17 years for helping individuals who aren’t quite at that magical number you see scattered online. In fact, we’re able to write many loans for borrowers with scores as low as the 580 mark.

Even if your credit score falls below 580, don’t despair! Regardless of your credit score or credit history, we encourage you to give us a call.

Just as we’re able to work well with those lower scores, we are also just as skilled at helping others to quickly improve their credit score and get into that area where we can give you the green light for a mortgage. We have a ton of resources—including knowledgeable people, diverse products, and helpful services—to assist you on your journey to homeownership.

So, what makes First Option Mortgage one of the best mortgage lenders in Indiana for bad credit scores?

• Flexible Credit Score Requirements: Our ability to go as low as a 580 FICO score for many loan programs sets us apart from many traditional lenders. This opens doors for more Hoosiers.
• Understanding and Personalized Approach: We know that a credit score is a snapshot, not your entire financial history. Our loan officers take the time to understand your unique situation, looking at factors beyond just the score, such as your payment history, stability of income, and potential for improvement.
• Access to FHA and VA Loan Programs: These government-backed loans are often ideal for borrowers with lower credit scores.
  • FHA Loans: Backed by the Federal Housing Administration, FHA loans are known for their more lenient credit requirements (often as low as 580 for a 3.5% down payment, and sometimes even lower with a higher down payment).
  • VA Loans: For our qualifying veterans and active-duty service members, VA loans offer incredible benefits, including no down payment and often more flexible credit standards set by individual lenders, as the VA itself does not mandate a minimum credit score.
• Credit Improvement Guidance: If your score isn’t quite where it needs to be, we won’t just turn you away. We offer resources and advice to help you improve your credit score, putting you on the path to mortgage approval in the shortest time possible.
• Dedicated Local Support: We’re not a faceless national bank. As a local Indiana mortgage lender, we offer personalized service and a deep understanding of the Indiana housing market. You’ll work with a consistent team that genuinely cares about helping you achieve your homeownership dream.

Having a challenging credit history can feel daunting when thinking about buying a home. But it doesn’t have to be a roadblock. At First Option Mortgage Indiana, we’re committed to exploring every possibility to help you secure the financing you need. We believe everyone deserves a chance at homeownership.

Don’t let past credit issues define your future. Contact First Option Mortgage Indiana today to discuss your unique situation. We’re ready to help you navigate the process and find the right mortgage solution, making us one of the best mortgage lenders in Indiana for bad credit scores.