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Updated almost 3 years ago on . Most recent reply

User Stats

46
Posts
2
Votes
Eli Rods
  • Long Island City, NY
2
Votes |
46
Posts

Neighbor has no credit history- being denied mortgage

Eli Rods
  • Long Island City, NY
Posted

Hi fellow BPers,

Need your help for a friend of mine.

He was denied a mortgage loan by Citi Bank because he is self employed. He has 3 weeks left to find another mortgage since he’s in contract.

Used to be an investment banker. He is not a W2 employee and doesn’t have much credit history because he doesn’t use a credit card very often. Not does he have a car or other assets with ongoing payments. He has an excellent debt to Income ratio and was very diligent in providing 2 years of solid income and payment history.

I know his lack of credit history is a tough one here. Can someone advise here?

  • Eli Rods
  • Loading replies...