Comment on Anon tries to understand credit scores

• damnedfurry@lemmy.world ⁨3⁩ ⁨days⁩ ago

  How do you get a mortgage in the US if you’ve never had ANY credit before?

  You could have googled this in less time than it took you to ask the question.

  experian.com/…/can-you-get-a-mortgage-with-no-cre…

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  • boonhet@sopuli.xyz ⁨2⁩ ⁨days⁩ ago

    To take part in manual underwriting, you’ll need to provide the following information:

    • History of regular housing and other payments to creditors, such as cellphone providers, utility companies and landlords
    • Bank account statements to demonstrate cash savings
    • Two years’ worth of tax returns
    • Proof of employment, such as a verification letter from your employer, that applies to the previous two years
    • Prior 30 days’ worth of pay stubs
    • Verification of self-employment income, such as tax and other financial documentation
    • Financial and credit information for a cosigner with good credit, if you have one, which could help strengthen your application

    That sounds hella invasive. The banks get nowhere near as much info here unless you use a bank you already have an account in, in which case they have access to that account’s information. Otherwise standard is 6 months of data.

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