2 Answers

I think you missed that program, remember several years back, that was why the real estate market crashed.  This is when Freddie Mac, and Fannie Mac were giving away mortgages like candy!  Would YOU (knowing your financial history) loan a large sum of money to YOU, if you were the bank?  Think about why you need credit ratings.  This is to rank you as a risk to lenders.  If no credit, you are a high risk, and unlikely to get a loan.  Remain a renter, build a nest egg, begin working on your credit, pay for everything on time, have no large debts, and then you will begin to have a credit history.  Then you will prove to lenders that you can do it.  To give a mortgage to one who should not have it, is to set them up for failure as a homeowner.  There are already too many tragic stories of how families lost everything during a foreclosure on a home that they should never been able to buy.   Good luck... 

Pay all cash.