 100% Purchase With Or Without Credit
Did you know that LFS Home Loans can help obtain financing for a Home Purchase or a Rate & Term Refinance in North Carolina even if you don't have any credit history? We can even help you get a conforming-type low interest rate at 100%, even if you don't have credit history, or if your history is limited.
How does LFS Home Loans do this? Our team is trained on special programs, some of which are not available at most other lenders or brokers. One of these programs was created especially for First-Time Buyers, Recent Immigrants, or people who for one reason or another have not built a traditional credit file with the three major credit bureaus. Have you been turned down because you don't have any credit history at all? You won't be at LFS Home Loans. This program is offered by LFS Home Loans specifically for North Carolina current and prospective homeowners. If you live in North Carolina and want to buy a home, keep reading. In order for us to secure 100% financing for North Carolina homeowners under this special program, we have to build what is commonly referred to as "alternative credit". Alternative credit is built by showing a 12 month payment history for services that are not commonly included in a bureau credit report. If you have had a cell phone, power bill, cable bill, local car payment, or other service related account with 12 months of history (even if you paid in cash), we can help you buy a home with No Money Down. All we have to do is verify with the account holder and creditor that you have been paying on time for 12 months for four different accounts. No canceled checks or receipts are necessary. Once we verify that information, we will build a credit file for you with a major credit report supplier, and complete the rest of the paperwork for your 100% loan. If you have any four (4) of the following, you may qualify: - Cell phone
- Local Telephone Service
- Electric Bill
- Cable Bill
- Water Bill
- Sewage Bill
- Gas Bill
- Trash Collection
- Internet Access Bill
- Rent (Private Individual OR Management Company)
- Car Payment
- Auto Insurance
- Health Insurance
- and more!
All you need are four (4) accounts that have been paid on time for 12 months, and we can build an alternate credit file for you to buy a house with No Down Payment. Closing Costs could be as low as $500! Ask to speak to your LFS Home Loans Mortgage Consultant about this exciting new program and reach your dream of homeownership! |
Purchase 
