It is definitely possible, but depends on a variety of factors. Lenders may require a larger down payment and you may qualify for a higher interest rate. If you are a first time home buyer, there are a lot of options you can consider. Freddie Mac and Fannie may require a minimum credit score of 620 and a down payment of 3% of the purchase price. You can take a look at a Federal Housing Administration Loan (FHA). With an FHA loan, you will need a minimum credit score of 580, a 3.5% down payment, and a debt to income ratio no greater than 43%. Bear in mind that FHA loans have fees including a closing premium of 1.75% and an annual fee that ranges between .7%-.85%. The United States Department of Agriculture (USDA) offers mortgages to people buying a rural property or one in the suburbs. The USDA does not have a minimum credit score but you are more likely to be approved if your credit score is 640 and your debt to income ratio does not exceed 41%. Veterans Affairs offers mortgages to active and former military personnel with no minimum credit score requirement, down payment, or debt to income restrictions. Lenders do like to see a credit score of at least 660 and there are fees on getting a VA mortgage.