If you’re planning to buy a house, your credit score has a big impact on your monthly payment. Take these steps from Bankrate.com to get the best score and lowest mortgage rate.

Home Construction Loans Bad Credit There are two main types of home construction loans 1. Construction-to-permanent loan. Under a construction-to-permanent loan, you borrow money to pay for the construction costs of building your home.

Certain mortgage programs are designed to get lower credit applicants into homes. Find out which programs you should target as a home buyer with a low score.

Plus, it's a vital part of getting preapproved for a mortgage.. period – they'll decrease the average length of your credit history, and could ding your score. If your credit score is below 680, you may look into an FHA loan.