Can someone buy a home with a zero credit score and little to no money down? In some situations, yes

Can someone buy a home with a zero credit score and little to no money down? In some situations, yes!

Having no credit score is different from having a low score caused by late payments or other credit problems. Some buyers have simply chosen not to use credit cards, car loans, or traditional accounts that report to the credit bureaus.

This is known as having a nontraditional credit history. We may be able to document at least 12 months of responsible payment history using expenses such as:
✅ Rent
✅ Utilities
✅ Insurance
✅ Internet or TV service
✅ Gym memberships
✅ Other recurring monthly obligations

When combined with an eligible no- or low-down-payment mortgage program, this payment history may help create a path to homeownership—even without a traditional credit score.

No traditional credit does not automatically mean no mortgage options. Let’s review your complete situation and develop a personalized homebuying strategy.

Russell Smith | The Mortgage Strategist
Licensed in North Carolina and South Carolina
ALCOVA Mortgage