Many times being a first time home buyer and having limited credit you are still able to qualify for a home loan. Some lenders will allow you to use alternative credit in order to qualify in these cases. Alternative credit would be using letters from utility companies, phone companies, cell phone providers, non credit reporting loans, renters (verification of rent form, vor’s), etc these can generally be used to show a positive credit history and as an alternative credit option for 1st time home-buyers with a limited credit history.

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

Tagged with: •

Filed under: blog

Like this post? Subscribe to my RSS feed and get loads more!