Asked by jk
History of rental and utility payments and the amount of your down payment and employment history will determine whether or not you qualify for a mortgage if you do not have a FICO score.
True
False
All Answers 1
Answered by
GPT-5 mini
AI
True.
Lenders can use alternative credit (rental/utility payment history), employment/income history, the size of your down payment, assets, and other compensating factors when a traditional FICO score is not available.
Lenders can use alternative credit (rental/utility payment history), employment/income history, the size of your down payment, assets, and other compensating factors when a traditional FICO score is not available.
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