Posted on: 08th Jun, 2009 05:48 pm
I am having a hard time finding a lender for a home loan for a house around 180k and I am willing to put down 20%? I have no Credit because I have never had a credit card, nor owned a house or vehicle. I have good standings with multiple sources (At&t, DirectTV, Power, Water etc...2 years of statements). I make 65k a year (show taxes for 3 years) and do not have any major bills. Is there a lender out there that would fit my needs. I am a little confused on why I am having troubles obtaining a loan. And yes I am opening a credit card asap to start to build my credit, but because of the situation I am in, I need the loan very fast. Thanks for any help with my loan.
Sorry I live in Jacksonville, Florida.
JasonH
Welcome to the forum.
When you say you do not have credit thats really surprising. When you applied for those utility connection and other stuff, they woudl have checked your credit report.
First thign you need to do is get your current credit report and find otu where you stand.
When you say you do nto have any credit, did the bank tell you that nothign shows up when they run the report?
Good luck and feel free to ask
Welcome to the forum.
When you say you do not have credit thats really surprising. When you applied for those utility connection and other stuff, they woudl have checked your credit report.
First thign you need to do is get your current credit report and find otu where you stand.
When you say you do nto have any credit, did the bank tell you that nothign shows up when they run the report?
Good luck and feel free to ask
Well it is not advisable, you must take a home loan in case you are buying a new house. in case you want to renovate the existing one you still can take loan on that.
Hi Jason,
This issue has been discussed on the following page:
http://www.mortgagefit.com/loantalk/qualify-nocredit.html#100385
Feel free to ask further queries, if you have any.
This issue has been discussed on the following page:
http://www.mortgagefit.com/loantalk/qualify-nocredit.html#100385
Feel free to ask further queries, if you have any.
apply & get your credit score. then you can get loan easily
Just to be clar, gettign the credit score does not gurantee you that you will get a loan.
Good luck and feel free to ask
Good luck and feel free to ask