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Can you buy a new house with no credit?

Updated: 8/17/2019
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14y ago

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Not with a traditional lender. A bank must have credit history to understand your risk. With no credit you must find a private or personal lender willing to carry the note.

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14y ago
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Q: Can you buy a new house with no credit?
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Related questions

Can you buy a house if you have a foreclosure on your credit?

you must restore your credit.


Is it possible to buy a house if you have horrible credit?

no you can not


How can you buy a house with no credit?

Pay cash.


Do you get tax money when you buy your first house?

No, you do not get tax money (or a tax credit) when you buy your first house. As of July 2013, the tax credit for buying your first house is no longer in affect.


How do you qualify to buy a house?

Have a clean credit record.


Can you buy a house if you are separated from your wife?

If you are credit-qualified.


What kind of credit score do you have to have to buy a house?

mortgages


Do you need to have squeeky clean credit to buy a house?

Yes.


Is there a mortgages for poor credit rating?

Yes, mortgages are always there when you buy a house, despite your bad credit, you may not even be offered to buy a house. So you should try to fix it.


Can you use line of credit to buy a house?

You can contact your bank or financial institution for Housing Loan for buying a house, by using their line of credit.


Do you need credit to buy a house?

Not if you want a good deal. Unless you buy on contract from a seller.


At what age can you obtain credit to buy a house?

18 years old.