No Score Conventional

No Score Conventional

A borrower with a solid work history and strong assets, but no credit score, can still qualify for a conventional mortgage loan. By documenting alternative credit—such as rent payments or other recurring monthly bills—we can qualify them for up to 90% LTV.

Key Benefits of a No Score Conventional Loan

For a borrower with a solid work history and strong savings, but who doesn’t use traditional credit—such as car loans or credit cards—this alternative can still make it possible to qualify for a conforming loan with competitive rates and fees.

The approval process is simple and straightforward—similar to that of a conventional loan for a borrower with a credit score.

If we can show on-time rent payments—via bank statements or a rent verification—and one other monthly liability paid for at least 12 months, these can be added to the credit report to build “alternative credit

Who is No Score Conventional good for?

Special Features of a No Score Conventional Loan

Not every lender knows exactly how to use this program.  Many times a no score borrower will simply be denied.

 At Barrett Financial, We have the experience and know how for these kinds of loans.  With this approach we have the tools to say yes when others say no. 

Prefer a personal connection? Call or visit our physical office to work directly with our experienced team, not a call center. With our technology and expertise, we makethe process  fast, easy, and efficient—often wrapping up the process in just a couple of weeks.