The home loan first time homebuyer?
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Looking for a mortgage lender. I’m talking about $ 20,000 cash. Home is 69,000. I have no credit, what should I do? I live in Florida and I’m looking to buy a house in Oswego, New Yorgis.Kuidas get a loan?
Since you are putting down a decent amount of money you may be able to qualify
Congrats I am looking at buying my 1st home too. Lenders look favorably on taking some of those home buyer counseling workshops and it may even get you access to some additional funds (nothing wrong with free money).
Your lender will use alternate credit sources I am told so they will look at utility bills, letters from landlords stating when you pay your rent etc.
Good luck with the process hope I was at least some assistance.
If you have no credit history, you will not qualify for a mortgage through a traditional lender.
I would need more details to help.
If you have had any bills in your name, utilities, cell phone, etc., you have credit. Talk to a local lender and see where you are credit wise.