The First Thing You Should Do Is Attempt To Boost Your.

Fha loans for borrowers with a 556 credit score. If your credit score is below 580. If you have a poor credit score, there are things you can do to work toward a higher credit score.

A Credit Score Of 556 Is Higher Than The Lowest Credit Score Of 300, But It’s Still A Long Way Off From The Highest Credit Score Of 850.

556 credit score mortgage loan options. How to improve a 556 credit score. If you have a 556 credit score, the following loan options may be available to you.

5/5 ( 56 Votes ) The Federal Housing Administration, Or Fha, Requires A Credit Score Of At Least 500 To Buy A Home With An Fha Loan.

Your 656 fico ® score is lower than the average u.s. 8 can you pay off your balance each month; 6 rows fico scores range from 300 to 850.

Basically, Those With High Scores Are Considered Less Of A Risk And Thus More Credit Worthy As Compared To Those With Low Scores.

Opensky® secured visa® credit card. Earn a 1% cash back reward on all other purchases. The minimum credit score you need to be approved for a mortgage varies from lender to lender.

Having A Credit Score Between 670 And 739 Places A Borrower Near Or Slightly Above The Average Of U.s.

With the aspire® mastercard® credit card, you earn a 3% cash back reward on gas, groceries and utility payments. Although your fico® score of 556 is well below the average credit score of 711, there is still plenty of opportunities to improve your score. The best credit cards for a 550 score: