Financing in 49506>Question Details

Rachel L, Home Buyer in Grand Rapids, MI

Are there any lenders that still do manual underwriting? We would like to buy but have no credit

Asked by Rachel L, Grand Rapids, MI Tue Jun 2, 2009

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

0 votes Share Flag Financing in 49506

Help the community by answering this question:


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
0 votes Thank Flag Link Wed Jun 3, 2009
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....
0 votes Thank Flag Link Wed Jun 3, 2009
Try calling Bob Carta - Asset One Mortgage 734-521-2131 or Rick Smith of GoldStar Financial at 810-343-0798 Tell them I sent you ... they should be able to get started in the right direction.

Lisa Bender
0 votes Thank Flag Link Tue Jun 2, 2009
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