Home Buying in Bradenton>Question Details

joeybuice, Home Buyer in Bradenton, FL

could i buy a house with no credit history?

Asked by joeybuice, Bradenton, FL Fri Jan 24, 2014

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Answers

8
Generally no credit is better than bad credit; if you have a sizeable downpayment, utility bills in your name, a history of cancelled rent payment checks, any car insurance cancelled checks, etc., try the bank you currently do business with, any smaller local bank, any credit unions; or consider building your credit now for future buying power...
1 vote Thank Flag Link Tue Jan 28, 2014
Non-Traditional creditis allowed for FHA loans. You can also establish credit in a very short period of time, around 3 months, by getting a secured credit card.

Reasons to choose Carrington Mortgage:

Industries lowest rates and fees
Fast service - 25 day close on time pledge or $500 off closing cost
Direct lender - no middleman/no broker fees
Non-traditional credit ok
Free prequalification’s
First time home buyers welcomed

Reasons to choose me:

Over a decade of experience
Assisted over 1,000 clients
Funded over $100 million in loans
Local trusted expert for FHA, VA, Conventional, USDA, and Jumbo Loans

Joshua Lerette - Sales Manager
Carrington Mortgage Services, Inc.
727-488-7355
Joshua.Lerette@Carringtonms.com
NMLS#237468
1 vote Thank Flag Link Sat Jan 25, 2014
Sure!
You can pay all cash!
0 votes Thank Flag Link Tue Jan 28, 2014
As the previous post states, buyers have options without paying all cash if they do not have a credit score. If you would like I could put you in touch with a Carrington Mortgage loan officer in California that could help you with your clients needs and help you close more transactions.
Flag Tue Jan 28, 2014
Yes, we have a no credit score program for buyers who are in your situation. We will require 10% down and we will need to prove alternative trades. cell phone bill, auto insurance, utilities and or rent payments. Feel free to call and discuss today, but the main thing will be the 10% down and they have to be your own funds (no gifts allowed)
0 votes Thank Flag Link Sat Jan 25, 2014
Absolutely..by paying cash, seeking owner financing, or lease options.

Good luck,

Bill
0 votes Thank Flag Link Sat Jan 25, 2014
Yes, you can buy a house with no credit history if you are paying cash. If you need to get a mortgage you will need credit history.


Jen and Mark Bowman
Keller Williams on the Water
941-840-0117
0 votes Thank Flag Link Sat Jan 25, 2014
We can help any client without a credit history. 10% down will get them qualified.
Flag Sat Jan 25, 2014
Yes it is possible if you are paying cash. If you are thinking of financing you will need to establish credit before you can get a loan.
0 votes Thank Flag Link Fri Jan 24, 2014
No.............speak to a lender for advice, and start working on your credit
0 votes Thank Flag Link Fri Jan 24, 2014
NO, not in a traditional sense - not with an FHA loan - of course anyone can buy with cash, but I was pretty sure you weren't questioning that. Good luck! Do you have a down payment?
Flag Sat Jan 25, 2014
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