FHA No Credit Score Program
Are you dreaming of owning your own home but worried about your credit score holding you back? Fear not! Our FHA No Credit Score Required Program is here to make your homeownership dreams a reality.
Program Overview
At Geneva Financial we believe that homeownership should be accessible to everyone, regardless of their credit score. Our FHA No Credit Score Required Program is designed to help individuals and families achieve their homeownership goals by offering flexible qualification criteria and personalized solutions.
Program Highlights
Maximum DTI up to 43%: With our program, you can qualify for a mortgage with a maximum debt-to-income ratio (DTI) of up to 43%. This means that even if you have other financial obligations, you can still qualify for a home loan.
Maximum Financing: We offer maximum financing for various types of properties, including single-family homes, condominiums, and 2-4 unit properties, with a loan-to-value ratio of up to 96.5%. This means you can secure your dream home with minimal upfront costs.
Use Non-Traditional Credit Accounts: Worried about not having a traditional credit history? Don’t let that stop you! Our program allows you to use your rental history, utility bills, phone bills, and other non-traditional credit accounts to qualify for a mortgage. Your responsible financial behavior is what matters most to us.
Sufficient Non-Traditional Credit References: We understand that everyone’s financial situation is unique. That’s why we accept a wide range of non-traditional credit references to help you qualify for a mortgage. Some examples include:
– Rent-to-own agreements
– Medical bill payments not covered by insurance
– 12-month history of savings with regular deposits
– Car lease agreements
– Personal loans with documented repayment terms
– Payment history on authorized user accounts
– Insurance premiums
– Payments to childcare providers
– School tuition payments
– Retail store credit card usage
Loan Options
Resources