Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
How to get a loan with no credit history?
A close friend of mine is looking into buying a mobile home, however she and her fiance don't have any credit. They have no money saved so a loan is needed, and they have no one that is willing to co-sign with them on it so that has set them back as well. How could she go about getting a loan with no co-signer and no credit history. Any help would be greatly appreciated. Thank you :)
3 Answers
- RLv 49 years agoFavorite Answer
Not gonna happen. Even if she could, she'd need a down payment and closing costs. Broke people who have not bothered to save money don't own homes.
They will have to rent until they save up a down payment, an emergency fund, and closing costs.
- JudyLv 79 years ago
With NO money saved, even someone with GOOD credit couldn't get a mortgage. Your friend and her fiance have a long way to go before they are ready and able to buy a home.
Bottom line, she/they can't. They need to spend maybe a couple years saving for a down payment and closing costs, and building their credit.
- 9 years ago
Loan shark.
Go to your nearest Chinese mall and yell "I'm broke and I need money".
