And, more than likely, if you are able to find a lender who will allow you to qualify with non traditional credit, you will pay higher rates and fees than if you had established credit.
A better course of action would be to meet with a mortgage professional to develop a strategy to establish current credit history so you can qualify for the majority of mortgage products available in today's market. Best of luck to you.
Things have become tight for approving loans, lenders are using tighter guidelines, but it cane be done.
I wish you the very best!
Kawain Payne, Realtor
CFS Mortgage - http://www.cfs203k.com
At least half my clients need some sort of help with their credits, if for whatever reason your credit is not in shape to qualify for a loan, I'll be able to tell you exactly what you must do so that it can qualify. If you'd like, feel free to call or email me and we can set an appointment in one of our Manhattan, Queens or Brooklyn offices, or my home office in Long Island. Good luck!
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Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
(516) 606-9648 Cell
(516) 740-4478 Office
(516) 918-5383 Fax
If you're a first time buyer, you might ask about down payment assistance programs for which you may qualify. You'll probably have to take a homebuyer education class and there will be extra paperwork involved, but it may be worth it. Good luck!