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A First Time Home Buyer with Bad Credit still has an Opportunity to get Approved for a Loan. There are several first-time buyer programs and grants.
Low credit score home Buyers Could Qualify with this FHA Policy. First-time home buyers and FHA loans; Our recommended FHA lenders.
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These loans, commonly called FHA loans, come with lower down payment requirements, a benefit for first-time home buyers. They also come with lower credit-score requirements.