Are there any lenders that still do manual underwriting? We would like to buy but have no credit
We spoke with a few lenders who have said that without a credit score we cannot get approved for an FHA? Is this true, I really don't want to take out credit cards
You can do a no-score loan with the USDA if the property you are looking to purchase is in what's considered a "rural area".
There are manual underwriting programs through FHA available. If you need help with your financing situation, feel free to drop me a line. I'd love to help you out.
Kellen Gracey
Mortgage Specialist
BayBurg Financial
Office: (954)764-7064 (ext 211)
Toll Free: (866)230-9050 (ext 211)
Cell: (386)237-7231
good morning....all lenders do maunal fha underwriting for purchases..after the file is submitted by computer to generate the findings.....having and using credit cards and accumulating credit card debt are two different things....i hope that helps.bob mcclure- success mortgage partners- plymouth, michigan....
Try calling Bob Carta - Asset One Mortgage 734-521-2131 rcarta@livonisbranch.com or Rick Smith of GoldStar Financial at 810-343-0798 rsmith2@goldstarfinancial.com. Tell them I sent you ... they should be able to get started in the right direction.
Sincerely,
Lisa Bender
LisaBender@kw.com
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