Guidelines

Can I buy a house without rental history?

Can I buy a house without rental history?

No. You do not need to have a rental history to buy a house. It is fairly common that a person (first time homebuyers, usually) live with family rent free prior to purchasing a property. Not having a rental history does not affect anything in terms of the mortgage application, required down payment, and the like.

Can I rent student accommodation if you’re not a student?

If you’re wondering whether you can rent student housing if you’re not actually a student, the answer is “maybe.” There is no universal policy regarding non-students living in student housing.

Is it hard to find a rental with no rental history?

“It can be challenging to find a place to rent with no rental history, but it’s not impossible,” says Denise Shur, a Realtor® with 1:1 Realty in San Jose, CA. Just follow the steps below on getting a rental with no rental history under your belt.

Can I rent an apartment if I’m unemployed?

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It will be trickier to be approved for a new rental if you’re unemployed, but it’s definitely possible—especially if you have references, can pay more upfront, or have a guarantor. There are plenty of reasons someone without a job might be apartment hunting.

What to do if you can’t afford to pay rent?

Document any and all sources of income in your rental application. These additional payments may reassure a hesitant landlord that you’ll be able to afford the rent. Take stock of what money you actually have available. Maybe you have a healthy savings account, or you can borrow money from a friend or family member.

How can I rent an apartment with my student loan funds?

If that’s the case, it’s important to know that there are ways to rent an apartment with your student loan funds. Here are five tips: 1. Consider a private home rather than a complex 2. Ask a friend or family member to cosign the lease 3. Pay more upfront 4. Find a roommate 5. Sublet an apartment 1. Consider a private home rather than a complex