Welcome Guest. Sign in

1 Answers

How long to get a home loan with no credit history?

Asked by: 2630 views ,
Home Loan

How long of a credit history do you need to establish to be considered for a home loan? There is no bad credit history, just haven’t established credit with anyone.

There was a breakfast cereal for almost every franchise in the ’80s and ’90s, from Donkey Kong to Steve Urkel. And, despite the fact that these were just short lived cynical cash grabs meant to catch our easily distracted eye at the grocery store, others see these Urkel shaped sugar nuggets as invaluable collectors items.But before the advent of oakley outlet 4K gaming, there were the 1080p games and those video game sales increased by 1% from the prior year per a report put out by . Total sales came in at $573.4M and video game spending grew at an 8% clip. Leading the way this year has been the new release of Madden NFL which is produced by EA. This game wholesale nfl jerseys has always been a moneymaker for EA and should continue to be as long as professional football is popular. Though it has become a bit ubiquitous with hockey jerseys games on Thursday night, Sunday all day and night, and Monday night, I don’t believe the NFL is going to lose its luster anytime soon.Turtle Beach is a very popular brand, and this particular model is quite effective. It is again a wireless Bluetooth headset, and it brings many features like RF wireless digital technology for frequency hopping, a bass booster, an audio bypass cable, and an adjustable boom microphone. You can purchase it for around $75.The deadlift is a staple strength building exercise that impacts muscle groups in the upper and lower body. As a basic two phase lift, it requires only a weighted barbell to complete. While it impossible to say with certitude that a lifter should be able to deadlift a certain Cheap NFL Jerseys amount of weight by a specific age, there are basic guidelines for the deadlift that illustrate how much you should be able to lift fake oakleys based on gender, body weight and experience level.Some categories, such as wine, rose in value, in part, due to heavy demand, cheap nfl jerseys especially from China. “The Chinese are massive buyers of wine at the moment,” said Shirley. “Classic cars used to only be collected by cheap china jerseys people in Europe and the US,” said Shirley. “Now there’s more interest coming from Asia, but there’s still a fairly finite market of classic cars, so you’ve seen the value go up.”Since being promoted to general manager shortly after the 2013 NFL draft, Whaley hasn been hesitant to work the phones and make trades. In just over three years, Whaley has made 11 trades that allowed the team to acquire players like outside linebacker Jerry Hughes and running back LeSean McCoy, while not being shy to send away draft picks if he feels that he can improve the team.

1 Answers

  1. 0 Votes Thumb up 0 Votes Thumb down 0 Votes

    If you have no normal established credit history, you can still qualify for FHA loans, and several conventional A-paper Fannie Mae loans, as well as many other bank products.

    What they will typically do is try to build a credit history from what you are already paying. A documentable rental history is the first place we would look. Next, your utilities. If you have been paying your gas, electric, car insurance, cable, cell phone etc… on time (no more than 30 days past the due date), they can use them as "tradelines".

    In general, they would want 2-3 utility-type accounts on top of a rental history. No rental history, 3-5.

    But lack of credit is not sufficient reason to decline an FHA loan. That’s right in their guidelines. If you have a history of saving money, like $100 per month into a savings account, they can treat that like a tradeline. Getting a statement from your neighborhood grocer that he has granted you credit that you’ve paid in a timely fashion can sometimes even work.

    Talk to a couple mortgage brokers, and a couple big bank loan officers as well. The big banks have community lending requirements they have to meet, and often have programs specifically designed for people with zero traditional credit history.

    Avoid anyone trying to stick you into a 2 year ARM (2/28, 3/27 are some numbers you’d hear), you shouldn’t need to take a "sub-prime" loan just because of this.

    NONAME - Sep 07, 2012 | Reply


Answer Question