September 4th, 2010 
ifydcat Florida Home loan with No Fico, ( Florida Mortgage with NO Credit Score )
Yes it is very possible to buy a Florida home with No Credit Score or No FICO.
Developing a Credit History or Enough Credit
The lack of a credit history, or the borrower’s decision to not use credit, may not be used as the basis for rejecting the loan application.
Some Florida No credit mortgage applicants may not have an established credit history. For these borrowers, including those who do not use traditional credit, the lender must obtain a non-traditional credit report from a credit reporting company or develop a credit history from one of the following examples
? 12 months canceled rent checks, Money orders, or direct deposit Receipts from the bank
? Other means of direct access from the credit provider.
o gas
o electricity
o water
o land-line home telephone service, and
o cable TV.
? Insurance coverage (for example, medical, auto, life, renter’s insurance (not payroll deducted) payment to child care providers – made to a business providing such services, school tuition, retail stores – department, furniture, appliance stores, specialty stores, rent to own – (for example, furniture, appliances) payment of that part of medical bills not covered by insurance, Internet/cell phone services, a documented 12 month history of saving by regular deposits (at least quarterly/non-payroll, deducted/no NSF checks reflected), resulting in an increasing balance to the account, automobile leases, or a personal loan from an individual with repayment terms in writing and supported by cancelled checks to document the payments. The More ammunition we have to prove you pay your bills the better. letters from a direct service
providers must be on letter head and include the following:
? creditor’s name
? date of opening
? high credit
? current status of the account
? required payment
? unpaid balance, and
? a payment history in the delinquency categories (for example, 0×30, 0×60, and so on).
Apply today for a Florida No Fico score home loan at
http://www.FHAmortgagePrograms.com
http://www.fhamortgageprograms.com/
http://www.fhamortgageprograms.com/florida/Dade-County/
http://www.fhamortgageprograms.com/faq/fha.shtml
http://www.fhamortgageprograms.com/mortgage/fha-loan-program.shtml
http://www.fhamortgageprograms.com/florida/Miami/
http://www.fhamortgagefhaloan.com/
