Looking to get a mortgage? Advice please?
Question by : Looking to get a mortgage? Advice please?
I am my husband are 20 years old and looking into buying a house. I checked my credit reports and I have nothing negative on them. However, I do have a student loan in my name for the amount of 5500. It was opened in September 2010 and payment isn’t due to start until November 2013, after I graduate. What does this mean about my credit score? Good, bad or nonexistant?
Also, what are the chances of us actually being able to get a mortgage with zero credit?
Best answer:
Answer by VA Mortgage Leader
Simply contact a loan officer. They will be able to pull your credit and get a score to help determine if you would qualify for a loan. To speak with a loan officer cost you nothing, it’s easy and takes just a few moments.
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Looking to get a mortgage? Advice please?
Question by : Looking to get a mortgage? Advice please?
I am my husband are 20 years old and looking into buying a house. I checked my credit reports and I have nothing negative on them. However, I do have a student loan in my name for the amount of 5500. It was opened in September 2010 and payment isn’t due to start until November 2013, after I graduate. What does this mean about my credit score? Good, bad or nonexistant?
Also, what are the chances of us actually being able to get a mortgage with zero credit?
Best answer:
Answer by VA Mortgage Leader
Simply contact a loan officer. They will be able to pull your credit and get a score to help determine if you would qualify for a loan. To speak with a loan officer cost you nothing, it’s easy and takes just a few moments.
Add your own answer in the comments!
1 Comment
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Zero chance. You are still at school. Finish that, get a job and amass a deposit and an emergency fund.
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Short Term Cash Advice
Zero chance. You are still at school. Finish that, get a job and amass a deposit and an emergency fund.