Angela Comstock
Broker NMLS # 236783

Simple Guide For Homebuyers With Poor Credit History

Tip 1

Don’t assume you can’t qualify for a mortgage if you have a low credit score because of a limited credit profile — or even no credit score at all. Some lenders are willing to work with borrowers to establish a nontraditional credit profile or to find ways to improve a low credit score.

Tip 2

A larger down payment, higher levels of cash reserves, and a verifiable income that can easily cover your mortgage payment can help compensate for credit issues.

Tip 3

Applying for a credit card and using it responsibly can boost your credit score, but you can also rely on other sources to establish your financial history, such as your rent payment and other bills.

Tip 4

It’s a good idea to talk to your lender about their programs and know your options BEFORE you look at homes. You don’t want to get your hopes set on a home, and then not be able to afford it.


Lacking a great credit and payment history isn’t the end of the world. It just means you have a few more hoops to jump through. Feel free to schedule a mortgage consultation with me and I can walk you through the process.

Angela Comstock

Broker NMLS # 236783
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