If you’re exploring home loans and are worried about a thin credit file, you’re not alone. Many buyers ask about qualifying for a limited credit file loan — especially if they’re just getting started with credit or have always paid with cash.
The good news? It’s possible. While a strong credit profile helps, it’s not the only way forward. While most lenders want to see a history of responsible borrowing, the number of accounts you need really depends on the type of loan you’re applying for.
Reach out today and let our team walk you through your options.
Fore more tips and advice on how to strengthen your credit before buying a home, check out this blog post: How to Repair Poor Credit Before Securing a Home Loan.
