Posted on: 12th Sep, 2008 06:01 am
I have a 3 year employment history. a credit card for approx. 3 months and I had a telephone under my friends contract for 2 years. I now have my own Sprint account since May 2008. I ffound a home I want to purchase. I have money saved. Can I get a mortgage?
My credit shows no score or credit.
My credit shows no score or credit.
jas, please see my other response.
If you have a large amount down and/or other payment histories such as rent or utilities. If you don't have all the above your going to find it very hard going.
Hi jas,
Welcome to forums.
You have good employment history no doubt. But have you been paying for the credit card debts so far? you don't have a credit history it seems. Then I think you can opt for FHA loans. However, you may qualify for conventional loans with lenders who accept alternative credit scores. Check out some details on alternative credit scores .
And just in case you'd like to see what George has advised, here's the page: http://www.mortgagefit.com/homeloan/nocreditscore.html .
Thanks
Welcome to forums.
You have good employment history no doubt. But have you been paying for the credit card debts so far? you don't have a credit history it seems. Then I think you can opt for FHA loans. However, you may qualify for conventional loans with lenders who accept alternative credit scores. Check out some details on alternative credit scores .
And just in case you'd like to see what George has advised, here's the page: http://www.mortgagefit.com/homeloan/nocreditscore.html .
Thanks
I would try and get a secured credit card or something to show payment history to the credit bureaus. It will be very difficult to get approved at this time. Waiting a year or two while establishing credit would be my best advice.