Buying a home in Las Vegas may feel out of reach if your credit score isn’t ideal—but the truth is, homeownership is still possible. Whether you’re a first-time buyer or looking to invest, there are flexible mortgage options and strategies that can help you qualify for a home loan—even with a low credit score.

What Is Considered a Low Credit Score?

Credit scores range from 300 to 850. Generally, anything under 620 is considered a low credit score by most lenders. While a higher score gives you access to better rates and terms, many loan programs are designed specifically to support buyers with scores in the low 600s—or even lower.

Loan Options for Buyers with Low Credit Scores

FHA Loans

FHA loans are backed by the Federal Housing Administration and are one of the most accessible options for buyers with lower credit scores. These loans allow for a credit score as low as 580 with a 3.5% down payment—or as low as 500 with a 10% down payment.

👉 Learn more in our blog: FHA Loan Changes in 2025: What Homebuyers Need to Know

VA Loans

For veterans, active-duty service members, or eligible spouses, VA loans offer flexible credit requirements and no down payment. These government-backed loans are a great fit for qualified buyers with limited credit history or lower scores.

Adjustable-Rate Mortgages (ARMs)

An ARM typically begins with a lower interest rate than fixed-rate loans, making them appealing to buyers with lower credit. These rates adjust over time based on market trends, making ARMs ideal for buyers who plan to refinance or move within a few years.

👉 Explore more: Adjustable-Rate Mortgages (ARMs): When They Make Sense

Tips to Improve Your Approval Chances

Increase Your Down Payment

A larger down payment reduces the lender’s risk, which may offset a low credit score. For example, FHA loans may approve buyers with scores as low as 500 if they can put 10% down.

Lower Your Debt-to-Income Ratio

Your debt-to-income (DTI) ratio shows how much of your income goes toward monthly debt. A lower DTI improves your profile and can make your application stronger—even if your credit score is low.

Work With a Local Expert

Las Vegas is a unique and fast-moving market. Our team at V.I.P. Mortgage understands the local landscape and can help you navigate your options, including specialized loan programs for low-credit borrowers.

Local Advantage: VIP @ Work Program

If your employer partners with us through our VIP @ Work program, you may qualify for exclusive benefits, including:

• $1,000 credit toward closing costs

• Personalized one-on-one guidance

• Educational resources designed for first-time buyers, veterans, and more

Explore More Mortgage Options

Not sure which loan type is right for you? See how FHA loans compare to conventional mortgages in our blog: FHA vs. Conventional Loans

Final Thoughts

Having a low credit score doesn’t mean you can’t buy a home. With the right loan program and a knowledgeable lending team, you can still take the next step toward owning a home in Las Vegas.

Let’s talk about your options. Schedule a consultation today and take the first step toward homeownership.