The truth is simple: you can get a mortgage loan even if you have no credit score. While a score (specifically a good score) increases the convenience of getting a high-quality loan, there are still options.
Assuming you are eligible, the VA allows unmarried co-borrowers to be listed on the loan, which creates new opportunities for a wide variety of borrower.
One factor a lender will consider is your debt load. To decide whether you should get the loan, they will take into account how much debt payments you have every month. It’s far from the only thing they consider, but it’s one of the most important.
These 3 mortgage options keep your out-of-pocket costs to a minimum.