No Credit and Can Still Buy a House – Say What?
It is possible for a borrower to purchase a home without having any credit. It is more than just no credit scores; but truly no history of any good or bad credit. The borrower must simply have 12 months of good rental history that wasn’t paid by cash, in addition to two other accounts, such as: utility bills, cell phone bills, etc. We can help the borrower get the proper documentation for these, and then we get their trade lines established. This takes a couple of weeks, but once complete, we can pre-approve them for an FHA loan to purchase their first home. Please contact us for more details.