No Fico Score Loans
LENDERLINE® is currently offering no FICO mortgages for properties located in the State of California.
- Purchase only.
- No credit score required or allowed.
- First-time homebuyer OK.
- Primary residence only.
- Up to 96.5% loan-to-value.
- Down payment may be a gift.
- W-2 wage earner or self-employed.
- SFR, PUD, condos, townhomes and 2-4 units.
- No housing payment history OK with budget letter.
- Borrowers must have 3 non-traditional credit references.
- No late payment allowed on any account within past 12 months.
- 2 months PITI reserves must come from borrower’s own funds.
- Reserves must be seasoned for 2 mos.
- Gifts do not require seasoning.
- Up to 45% DTI with compensating factors, 41% DTI without.
- Manual underwriting using FHA Total Scorecard.
- Loan limits are county-specific, click here for FHA look-up.
- 30-year fixed rate.
- No prepayment penalty.
To download a loan application
for our no FICO
LENDERLINE® is your no FICO lender of choice. We offer the lowest no FICO mortgage payment and home interest rates and in the nation.
Questions? To get today’s interest rates or to receive a FREE mortgage consultation, call LENDERLINE® toll-free at (888) 661-7888, or complete this form to schedule an appointment.