Does It Ever Make Sense to Buy a Home if You Have Bad Credit?

Does It Ever Make Sense to Buy a Home if You Have Bad Credit?

If you apply for a mortgage, lenders are going to look at your credit score. Since bad credit adversely affects your ability to get an affordable home loan, you may be wondering whether it ever makes sense to move forward with becoming a property owner if your credit score is imperfect. See, sometimes people have low credit scores because they don't borrow money and therefore don't have much of a credit history.