Alternate credit sources

There are times when your credit report does not have enough open credit lines or may have accounts that do not have enough history for us to use to qualify you for a home. 

This is when we ask for alternate credit lines.  These are bills that you are paying that don't report to any of the credit reporting agencies. 

An alternate credit line must have a 12 month history and have NO late payments within the previous 12 months.  

Acceptable alternate credit lines include:

• utility bills in your name
• insurance bills
• doctor bills
• rent to own accounts 
• cell phone accounts ( Verizon, AT & T, Sprint, T-Mobile or other carriers )

Call the alternate credit source and ask for a 12 month printout of account activity or a Letter of Credit in Good Standing.