Re: anyone get a mortgage with less then a year of credit history?
12-09-2012 02:04 AM
Most lenders look for at least 12 months of history.
I think the mortgage should wait until people are older... like you mentioned; its a huge responsibility and something you cant walk away from like when an apartment lease is up...
the person that im talking about is older. hes in his 40's but hes never had credit until recently. i talked directly with the loan officer/uw.
as for my friend's brother yeah i agree hence why im not getting a mortgage right now. want to wait at least 6+ years.
my point was just that with people new to credit generating 700 scores shouldnt be that hard to get a mortgage...
|Current: EQ FICO 690, TU FICO 692, Walmart TU 737 EX FICO 726 Amex Pull(1/1/13)|
Starting total revolving credit: $2600 | Current total revolving credit: $21,600
Inquiries (12 Months): EQ 6 TU 4 EX 5 | Most Recent: 8/30/2012
|Amex Zync(Unicorn) |