FAQ – Can I buy a home with a low credit score?

Absolutely! While a low credit score can present challenges, it doesn’t automatically disqualify you from buying a home in Canada. Here’s what you need to know:

✅ Explore loan options: There are specialized loan programs available in Canada, such as insured mortgages through the Canada Mortgage and Housing Corporation (CMHC), which can accommodate lower credit scores and provide more flexible eligibility criteria.

✅ Improve your credit score: Taking steps to improve your credit score is crucial. Paying bills on time, reducing debts, and maintaining low credit utilization can gradually improve your creditworthiness.

✅ Work with a knowledgeable lender: Partnering with a lender experienced in working with clients who have low credit scores is key. They can guide you through available loan options, explain the requirements, and help you navigate the process.


Marl Janzen Realtor sitting at desk smiling
Credit application

✅ Consider alternative options: If traditional mortgage financing is not immediately feasible, you may explore alternative options such as rent-to-own agreements or seeking assistance from private mortgage lenders. These alternatives can provide opportunities for homeownership while you work on improving your credit.

✅ Save for a larger down payment: Saving for a larger down payment can offset a lower credit score. A significant down payment demonstrates your commitment and may increase your chances of securing a mortgage or obtaining better loan terms.

Contact me if you have any questions. I’ve been helping people buy and sell homes for 19 years now and would love to get in contact!

I strive to put my all into everything I do for my clients, and they value my expertise, negotiation skills and the outstanding level of service that I bring to the table. In return, they have rewarded me with loyalty, referrals and stellar reviews over the course of my career.