#FridayFinance Find more at Finance Fridays Find the latest Kingdom Way Magazine at KingdomWay.caHow do you get a home with no credit? Manual underwriting makes it possible. Learn more about getting a mortgage with a zero credit score and get the right loan for you: https://goo.gl/1up9dK


Lewis from Idaho calls into The Dave Ramsey Show to ask, “Can I get a mortgage with no credit score?”

You can most certainly can get a mortgage with no credit score through a process called manual underwriting.

What is manual underwriting? According to a post on Fresh Loan – it’s simply a way of evaluating your ability to pay back a loan without a credit score. You’re assigned a specific person who looks at your case, and you’ll be required to provide additional paperwork for them to review.

What’s the underwriting process? You will be required to:
– Put a down payment of at least 20% on your home
– Select a 15-year, fixed-rate mortgage
– Provide proof of income and employment
– Have a good record of paying previous bills on time

How long does mortgage underwriting take? While the underwriting process does not add any extra charges, your loan process may take a little longer. However, buying a home without the strain of extra debt is worth it!


Want to estimate your monthly mortgage payment? Check out our Mortgage Calculator: https://www.daveramsey.com/mortgage-calculator

Learn more about manual underwriting: https://www.daveramsey.com/blog/the-truth-about-your-credit-score

Have other questions about mortgages? We’ve answered them here: https://www.daveramsey.com/blog/mortgage-questions


The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country! Watch video profiles of people just like you as they call in from Ramsey Solutions to do their debt-free scream live. The show streams live on YouTube M–F from 2–5pm ET! Watch here: https://www.youtube.com/channel/UC7eBNeDW1GQf2NJQ6G6gAxw

Trevor Lund

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