Even if you have no credit history you can still get a competitive mortgage loan from most of the major lenders. Although it may not be exactly the same type of loan as those obtainable to people with a higher score. lots of people are having a tougher time than ever when it comes to being approved for a loan, but the nice news is that no credit score mortgages are available.

When you are looking for your loan provider you should take time to carefully do your research. Without a credit history you may not be eligible for loans that come with the best terms, there's lots of mortgage lenders out there that cater for people who are in exactly your situation - so talk to as lots of different loan officers as possible to find somebody that can help you.

Whilst it may seem as though lots of options are closed off to you, there's a number of ways you can be approved for a no credit score mortgage. All it takes is a little time and research to find the best lender who will take your application. This way you can ensure you are getting the best deal for your situation!

When you do find a mortgage lender they will calculate the risk you pose to them. This will take in to account your credit score as well as the amount you earn and other assets/debts. Without a credit score, you will be classified as a slightly higher risk to the lender. This means that you probably won't be offered the best interest rates and you may also be required to make a large down payment as well take out a mortgage insurance policyowner.