Don’t be discouraged if your credit score is not high, however, because today’s lenders provide a wide range of loan products, including no credit check mortgages. You may not enjoy exactly the same loan options as a borrower with excellent credit, but you can qualify for a home loan that will work for you. If you are able to verify your income with a W-2, deposit receipts, or recent pay stubs, and if you can provide sufficient personal references and certain other documentation, you may qualify for one of the no credit check mortgages.
Providing mortgages to borrowers with less-than-perfect credit is actually a profitable arrangement, as the lenders stand to profit from working with people who have been turned down elsewhere. And getting matched with lenders who offer no credit check mortgages is easy, if you know where to look. Try online search engines, mortgage brokers, banks and other institutions, and don’t forget personal referrals. Having bad credit won’t necessarily prohibit you from finding a loan.