How To Buy Your First Home With No Credit Apr 2026

Cancelled checks or a landlord's verification showing 12 months of on-time payments.

Proof of on-time payments for electricity, gas, water, and internet/cell phone. how to buy your first home with no credit

Since you don't have a FICO score, you must prove your financial responsibility through a "paper trail" of on-time payments over at least the last . Commonly requested documents include: Cancelled checks or a landlord's verification showing 12

As of 2025, Fannie Mae and Freddie Mac guidelines allow for manual underwriting without a minimum credit score. However, these usually require a larger down payment (often 10%) and a lower debt-to-income (DTI) ratio (typically 36% or less). 2. The Manual Underwriting Process how to buy your first home with no credit

Bank statements showing consistent savings habits and enough cash for at least one to twelve monthly mortgage payments after closing.