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No Credit Score? No Problem. We’ve Got Options.

No Credit Score?

Carrollton Mortgage offers mortgage options for buyers without traditional credit scores, focusing on financial behaviors like:

Rent and utility payment history

Consistent income deposits

Insurance payment records

Program Highlights:

For primary residences only

Manual underwriting process

Available through FHA  (as low as 3.5% down) and  VA, and USDA loans (as low as 0% down)

Ideal for first-time buyers

Loan Types & Requirements Without a Credit Score

Conventional Loans

  • Down payment: Minimum 10%

  • DTI (Debt-to-Income): ≤36%

  • Cash reserves: 12 months of mortgage payments

  • PMI: Same as lowest allowable credit score

FHA Loans

  • Down payment: 3.5% (score 580+), 10% (score 500+)

  • DTI: ≤43%

  • Requires 12-month history of rent and other payments

  • Mortgage insurance applies (upfront + monthly)

VA Loans

  • No official credit score requirement

  • Requires verified rent and other payment histories

  • VA funding fee (not credit-dependent)

USDA Loans

  • No down payment

  • Accepts alternative credit with 12-month verified payment history

  • Guarantee fees apply (flat rate)

How to Qualify Without a Credit Score

  1. Manual Underwriting: Lenders review rent, utilities, insurance, etc.

  2. Alternative Credit History: Needs to be spotless (no late payments)

  3. Large Down Payment: Lowers lender risk

  4. Cosigner/Co-Borrower: Boosts approval chances

🏗️ How to Build Credit

Open a secured or credit builder card

Apply with a co-signer

Pay bills on time

Use and manage credit responsibly

Consider a credit builder loan

Why You Might Not Have a Credit Score

Use of cash only

Young or new to credit

Haven’t used credit in 24+ months

New immigrant to the U.S.

Bottom Line

You can buy a home without a credit score by proving your financial responsibility through alternative means. While building credit helps long-term, there are solid mortgage options available right now—especially for first-time and lower-income buyers.

Want to learn more?

First-Time Homebuyers

Conventional

FHA Purchase

Investment

VA Loans

USDA Loans

Fixed Rate

Manufactured Homes

No Credit Score

Purchase with a Reverse

How We Help You Become a Happy Homeowner

Start the conversation – Call us at 888.730.5200

We'll work together to find the right loan for your goals

Enjoy life as a happy homeowner with stability and confidence

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Carrollton Mortgage Co. is licensed in California.  The intent of this website is only to advertise to those interested in financing real estate in California.