How Do You Get A Home Loan With No Credit History?
Getting approved for a home loan can be very difficult when you don’t have a credit history. In fact, it is easier for a person with bad credit or a huge amount of debt to get a home loan than it is for an individual who has no debt and a lot of money in the bank. While this can be a frustrating situation, there are many steps that you can take to get approved for a home mortgage loan, even without a credit history. Apply for an FHA loan. These home mortgage loans are meant for first time home buyers and offer a low down payment and fair interest rates. If you have no credit history and are having trouble getting approved for a home mortgage loan, find someone who does have a strong credit history to cosign for you. It is a good idea to have a contract of agreement between you and your cosigner, just so that there are no misconceptions. If you are applying for the home loan with a partner and are getting denied because you are lacking credit history, try getting your name on a credit c
