 TITLE: Can You Get A Mortgage With No Credit? CONTENT: What Does It Mean to Have No Credit?\n------------------------------------\nHaving no credit, also known as being \"credit invisible,\" means you don't have enough recent credit activity to get a credit score. Since checking a credit score is often the first step lenders take when evaluating your creditworthiness, the lack of a credit score can complicate the mortgage application process.\nThere are several circumstances that lead to lack of credit. The most common is lack of credit experience, which is something generally experienced by people just coming of age and entering the workforce. But retirees and others who have paid off debts and who haven't used a credit card or other financing in two years or more cannot be assigned a FICO® Score☉ or VantageScore® either. Recent immigrants to the U.S., even those with extensive credit histories in other countries, cannot get a credit score when they arrive in the U.S. because they have no credit files at the three national credit bureaus.\nImportant to remember, however, is that lack of credit is not the same as poor credit, and no credit score is not the same as a low credit score. A low credit score typically indicates a spotty history of credit management, marked by late or missed payments (at best), and accounts in collection, foreclosure or a recent bankruptcy (at worst).\nLenders view low credit scores as warning signs of potential trouble with loan repayment and may use them as grounds for declining loan applications or charging high interest rates to offset the risk of nonpayment. All things considered, it may be more difficult to get a mortgage with a very low credit score (below 500) than it would be to get one with no credit score. END