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Looking for a loan, no credit cards in my name. Is it possible?

by richardson.p859 from Leonville, Louisiana. Jun 1st 2016 Reply


Lorne Harvey (lorneharvey)
#81 ranked lender in Washington - 419 contributions

Certainly, there are non-traditional credit loans available, if you have no active credit or credit scores. Please seek out a local mortgage loan originator and inquire.

Jun 1st 2016
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,041 contributions

Yes.. but more info needed.. you don't have to have credit cards to get a mortgage, but you do have to have credit.. car loans, student loans, personal loans, etc.. are all different types of allowable credit.. If the lender runs your credit and there is no file, then for FHA, they allow alternative credit references.. Rental payments, Auto insurance payments, utility payments, cell phone, etc.. even if you make a regular deposit into a savings account, this can all be used for credit references using FHA financing.. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Jun 1st 2016
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As long as your score meets the program requirements, call us, we're in La too

Jun 1st 2016
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,565 contributions

We really need more information. Do you just not have credit cards, or have you never had credit? Do you have a credit score, if so, what is it?

Jun 2nd 2016
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