I have very little or no credit. How can the Home Ownership Program help me get better credit, and a home loan, to buy a home?

Depending on your credit and credit scores (or if you have no credit scores), you may be able to qualify for a home loan immediately. Still, some conditions will apply.

Also, the Home Ownership Program will help you establish a solid game plan to establish and manage new credit accounts. Ideally, each applicant should have a certain number of established accounts to qualify for a home loan. In some cases, applicants may need qualifying accounts that could be added to the credit report to establish higher credit scores.