Quote Originally Posted by CL0V3R View Post
Then again if he doesn't have "any" credit it can be seen just the same as bad credit or worse. I don't think you're getting that.
What is the difference between having no credit and having bad credit?


@Boo: Establish Credit - How to Establish Credit

What I use to do was keep a credit card with a low APR and low credit limit. I'd use to buy candy, gas, what ever I knew I could pay off easy. From there I'd just pay it off around when it was due.
If he's done business with any one he has credit. If he reguarly pays any sort of bill he has credit, no credit card, loans, ect are required. The fact he has a student loan should have established his credit as long as he's been making payments on it.
As far as the morgage, since you have good credit it really ought to be fairly easy to get approved. If you have to you could seek a co-signer but you need to make sure you're going to be able to affoard this because if you fuck up you end up screwing your co-signer.
I suggest to simply go talk to people at where ever you want to do business, believe it or not you can ask for an exception and/or a second opinion. Aside from that a down payment is going to be the best way to get a lender on board. Actually in some cases if you do a down payment they don't even check your credit.

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