Comments on: Reader Question: Buying a House Without a Credit History? http://www.getrichslowly.org/blog/2006/06/14/reader-question-buying-a-house-without-a-credit-history/ Common sense advice on money saving tips, how to get out of debt, high interest savings accounts, cd rates, money market accounts, mortgage rates, money management and more. Wed, 22 May 2013 03:13:14 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: SR http://www.getrichslowly.org/blog/2006/06/14/reader-question-buying-a-house-without-a-credit-history/comment-page-1/#comment-164880 SR Tue, 27 Jan 2009 18:05:35 +0000 http://www.getrichslowly.org/blog/2006/06/14/reader-question-buying-a-house-without-a-credit-history/#comment-164880 I moved to Canada after 8 years in the US and when I wanted to purchase a home, I did not have credit history in Canada. But I asked them if they would do a US credit check and they did. I did put 40% down though, because I could. Got one of the lowest rates around at the time. I am planning on moving back to the US in a bit and will have to check if I can have Canadian credit check done in the US. I moved to Canada after 8 years in the US and when I wanted to purchase a home, I did not have credit history in Canada. But I asked them if they would do a US credit check and they did. I did put 40% down though, because I could. Got one of the lowest rates around at the time. I am planning on moving back to the US in a bit and will have to check if I can have Canadian credit check done in the US.

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]]> By: Get Rich Slowly » Independence Day Break http://www.getrichslowly.org/blog/2006/06/14/reader-question-buying-a-house-without-a-credit-history/comment-page-1/#comment-1116 Get Rich Slowly » Independence Day Break Mon, 03 Jul 2006 16:03:48 +0000 http://www.getrichslowly.org/blog/2006/06/14/reader-question-buying-a-house-without-a-credit-history/#comment-1116 [...] Buying a house without a credit history [...]

[...] Buying a house without a credit history [...]

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]]> By: dabrfe http://www.getrichslowly.org/blog/2006/06/14/reader-question-buying-a-house-without-a-credit-history/comment-page-1/#comment-465 dabrfe Wed, 14 Jun 2006 14:19:29 +0000 http://www.getrichslowly.org/blog/2006/06/14/reader-question-buying-a-house-without-a-credit-history/#comment-465 My wife and I were in a similar situation when we bought our house. I had had a credit card since high school, but I used it very rarely. Other than that, we had no debt (and therefore no credit history). We were also putting 20% down. The mortgage company verified our payment history with our landlord and our utilities company (about 1.5 years history each). We got a standard 15-yr mortgage (not FHA) for what I thought was a decent rate (decent enough that in 7 years I haven't done a re-fi). I don't remember what the fees were, though we did pay a point or so to bring down the rate. We got our mortgage the same company who carried our insurance, so that have have helped some in securing the mortgage. My wife and I were in a similar situation when we bought our house. I had had a credit card since high school, but I used it very rarely. Other than that, we had no debt (and therefore no credit history). We were also putting 20% down. The mortgage company verified our payment history with our landlord and our utilities company (about 1.5 years history each). We got a standard 15-yr mortgage (not FHA) for what I thought was a decent rate (decent enough that in 7 years I haven’t done a re-fi). I don’t remember what the fees were, though we did pay a point or so to bring down the rate.

We got our mortgage the same company who carried our insurance, so that have have helped some in securing the mortgage.

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