Tag: no credit score

One Borrower with No Credit Score

Question: One of my borrowers does not have a credit score, yet we are receiving an approve eligible in DU. Are we able to have a borrower with no score? MC Chart – Non-Traditional Credit Guidelines – All Agency Comparison Answer: Fannie and Freddie do not have a minimum number of tradelines / credit depth […]

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Conventional Loans with No Credit Score?

Question: Can you get a Conventional loan with no traditional credit and no credit scores?  If so, what are the parameters,  and guidelines that must be met? Answer: Yes, both Freddie Mac and Fannie Mae will allow it.  However, Freddie allows you to go to 95% LTV vs a 90% LTV max allowed by Fannie, […]

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