Ideally, you would like at the least an of reliable payments before you apply for an fha loan year. It is essential to realize that a loan provider may well not simply reject an application since the applicant decided to go with never to utilize credit into the past. Irrespective of into it when you apply if you have traditional or nontraditional credit, your FHA loan officer will look.
Loan providers realize that some things are simply just from your control, but there are numerous things you are able to get a handle on and you need to keep an eye on them when you are waiting to qualify or close in your FHA loan.