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I have a 3 year employment history. a credit card for approx. 3 months and I had a telephone under my friends contract for 2 years. I now have my own Sprint account since May 2008. I ffound a home I want to purchase. I have money saved. Can I get a mortgage?

My credit shows no score or credit.

gmakerley · Posted: Fri Sep 12, 2008 8:21 am Post subject:

jas, please see my other response.

vegas_storms · Joined: 12 Sep 2008 Posts: 67 3.54 Dollars($)

If you have a large amount down and/or other payment histories such as rent or utilities. If you don't have all the above your going to find it very hard going.

jameshogg

Hi jas,

Welcome to forums.

You have good employment history no doubt. But have you been paying for the credit card debts so far? you don't have a credit history it seems. Then I think you can opt for FHA loans. However, you may qualify for conventional loans with lenders who accept alternative credit scores. Check out some details on alternative credit scores .

And just in case you'd like to see what George has advised, here's the page: http://www.mortgagefit.com/homeloan/nocreditscore.html .

Thanks

lisascherzer · Joined: 04 Jan 2008 Posts: 755 1.12 Dollars($)

I would try and get a secured credit card or something to show payment history to the credit bureaus. It will be very difficult to get approved at this time. Waiting a year or two while establishing credit would be my best advice.

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