Can I get a mortgage with this score?

It is possible but harder. Approval depends on the lender, your income stability, debt levels, and cash to close. Improving your score helps a lot.

What matters besides the score?

Debt-to-income ratio, stable income, cash to close, and the property type all matter. A strong overall profile can offset a lower score.

How should I compare offers?

Compare the rate, points, lender fees, and total cash to close. Mortgage pricing is opaque, so line-item transparency matters. Ralo shows the full breakdown so you can compare mortgage options more clearly.

Poor Credit

Mortgage Options for 500-579 Credit Score

A score in this range makes approval harder and limits options. Focus on improving your credit and building cash to close before you shop.

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Pricing

Pricing: Highest tier

Cash to Close

Cash to close matters most.

Credit Tier

Poor

Available Loan Options

✓Some conventional options with strong compensating factors
✓Portfolio or local lenders
✓A co-borrower may help in some cases

Challenges to Expect

Limited lender options
Higher pricing and fees
More documentation and scrutiny
Larger cash-to-close expectations
Stricter debt and income review

Tips for Success

Pay every bill on time

Keep credit card balances low

Review your credit report for errors

Avoid new debt before applying

Build a cash buffer for closing costs

Recommended Loan Types

Conventional

Varies by lender; stronger scores usually price better.

The Questions Everyone Asks

Related Resources

Other Credit Score Ranges

Fair580-619 Fair620-659 Good660-699 Very Good700-739 Excellent740-799 Excellent800-850

Ready to Get Pre-Approved?

Mortgage pricing is opaque. Compare rate, points, and fees side by side so you can see the real cost. Ralo shows every line item so you can compare mortgage options more clearly.

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