Posted on: 30th Apr, 2013 01:02 am
I make around 30k a year and am just 18 years old. However, I don’t have any type of credit. This is because I never used a credit card! I want to buy a house in a year or two for around 60-75 thousand. How much would my down payment be and could I get a loan from a bank even though I don't have credit?
With no credit, it won't be possible for you to qualify for any kind of mortgage. It will be better if you could take steps to build up your credit. You can apply for secured and unsecured credit cards to build up your credit initially.
Hi SFD,
You can even check out the given page to know some steps to build and improve your scores: http://www.mortgagefit.com/credit-rating/credit-repair.html .
You can even check out the given page to know some steps to build and improve your scores: http://www.mortgagefit.com/credit-rating/credit-repair.html .