Look at you! Burning through those Baby Steps and ready to buy a home! We are so excited for you and honored that you would come to us for help.
When you are ready to buy a home we suggest working with our RamseyTrusted provider Churchill Mortgage! They are an incredible partner of Ramsey Solutions and would love to help answer all your potential mortgage questions and ensure that you are getting the best advice! This is the only lender company that Dave specifically endorses as they have had a long-standing relationship with our team and share our financial views.
One of the main reasons we suggest going with Churchill Mortgage is because they can help people with no credit score obtain a home mortgage through a process called manual underwriting! Manual underwriting is a hands-on investigation into your ability to repay debt. After all, you’re about to take on a mortgage, and your lender wants to know you can handle it.
When it comes to your down payment, we recommend a down payment of at least 10–20% of the home price. Especially if you have no credit score, aim for 20% or more since it reduces the lender’s risk and demonstrates your ability to handle money responsibly.