A strong credit history is always helpful when applying for a home mortgage loan. The strength of your credit profile is based upon many things — one of the most notable of which involves your credit history in terms of number of accounts you have and for how long you’ve had them.
A borrower with a weak credit history with little to no accounts will inevitably have a harder time getting approved for a mortgage. The number of accounts you will need to qualify for a loan ultimately depends on the mortgage product. See below:
To learn more tips and advice on how to strengthen your credit before buying a home, read this blog post: How to Repair Poor Credit Before Securing a Home Loan.