Buying a home is a dream for most people. For some with low credit and low income, it can seem like a pipe dream. Fortunately, there are mortgage avenues that make it much more attainable, including those listed below.

FHA Loans

FHA loans in Las Vegas are backed by the Federal Housing Administration. They have lower requirements than conventional loans, as you can get one with a credit score of only 500. If your credit score is below 580, you’ll need a 10% down payment. If it’s 580 or up, you can put down as little as 3.5%.

VA Loans

If you cannot qualify for a conventional loan but are an active or former member of the Armed Forces or National Guard, you might qualify for a VA loan. If you meet the qualification requirements, you can typically buy a home with nothing down

USDA Loans

The United States Department of Agriculture provides and backs loans for low-income home buyers. However, the home must be located in a rural area to qualify. Additionally, the home must meet specific requirements for livability, and most lenders that deal in USDA loans require a credit score of at least 640.

If you want to buy a home but feel like it’s impossible, don’t give up hope. Where there’s a will, there’s certainly a way – and usually a mortgage loan option.