Where can a person get a loan ,that has no score,actually before the 15th of sept.?
Answer:
Yes this is possible. Be careful when reading some of the answers that you have received though, many of them are completely wrong. Your pre-qualification would always come before a pre-approval. This is what you get when a Realtor ventures into the mortgage industry.sorry Realtors, but really it is.
You CAN obtain a loan with no credit score and at very, very good rates. Sometimes lower than conventional rates. Have no credit in this case is actually going to help you, believe it or not.
If you would like more information on these types of loans then I would be more than willing to talk with you. Feel free to contact me at timothy.kazee@americanhm .com and we can talk.
.and yes.it could possibly close by 9/15/06.
I know this guy down in the Southside.
Citi Financial but you're going to get a small loan and pay back tons of interest.
I know of a couple wholesale lenders that will do a "NO SCORE" homeloan. If you own a home email me and I'll give you my buddy's number. He is the VP of a large mortgage company.
At a credit union. It also depends on what your income is too. If it's a student loan you can find a place to put off payments until after school, you just have to look. If they say you don't have the credit, you'll have to find someone who will co-sign for you.
Loan shark. Down side interest is high
collerateral is your life
If you do a No Score program than when your credit is pulled there should be one page. If this is the case than what Lender will need is
One year NON LATE payments of verified bills from either:
Utility
Cell Phone
Any other bill that you pay on a monthly basis and is documented.
Once you obtain this information handed to your Loan Consultant/Broker and they will get you preapproved. Since you dont have a Credit score you have to get preapproved and not prequailifed. The process takes a bit longer. If everything looks good they will come back with a "dummy score" and give you a interest rate and terms.
Than you take your letter and go shopping for a house. Acutally easier to close if since you already were preapproved. Good luck and happy house hunting.
If you looking for something like a credit card than try orchard bank.
If you have 3 alternate trades, meaning utility bill, car insurance, rent, cell phone etc., that you have been paying on time for 12 or more months they can be used to give you a credit score of 620 for the purpose of obtaining a home loan. If you need any help with this or additional information let me know, I am amortgage consultant.
Are you looking for a mortgage? And do you not have a score because you don't have any credit or are you looking for a lender to ignore your score because it is so low?
If the first, there are lenders out there who will evaluate what your score could be based on your payment history with utilities, rent, cell phone bills, etc. Their interest rates are higher, but not in the loan shark range..
If the later, then your options are much more limited.
Best of Luck!
i'll loan you the money. One condition though. How good are you with your mouth?
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