There is no question about it, the real estate game has changed and getting a home loan is not as easy as it used to be. It wasn’t so long ago that they were practically giving home loans away, but given the recent collapse of the real estate market, the requirements for getting a home loan have become much stricter. These days you need to show proof of income, the days of 100% down are all but gone, and the minimum credit score requirements are much higher than they once were.The bottom line – as far as the minimum credit score requirements for a home loan goes – is that if your credit score is below 640 you’re going to have a pretty hard time getting a home loan. That isn’t to say that it’s impossible. There are a good deal of bed credit home loan options out there, but you will have to jump through many more hoops and you will likely wind up paying a higher interest rate. It is always recommended that you take a few steps to improve your credit before you apply for a home loan, no matter how low or high it currently is.If you do have a low credit score and you would like to get approved for a home loan anyway, what you might try first is contacting a mortgage broker. There are a number of specialized programs out there for people with low credit and they will be up to speed on exactly what options are available to you at any given time.