In some ways, not having any credit history may seem more of an obstacle to getting a home loan than having a bad credit history. But everyone started out with no credit at one time or another. You can build a good credit history and get a home if you are smart and use credit responsibly. A good first step to building credit is to get a secured credit card or a secured loan from your bank.. All this means is that you give your bank $2,000 and they turn around and give you a credit card with a $2,000 balance. Now, you go out and make some very small monthly purchases, pay the credit card bill off in installments and always on time and soon you will begin to have a good credit history.
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