Sorry, but having just gone through this with a young adult daughter -- no credit history (or minimal credit history) is hugely different than a established credit history.
You might get a loan, but it will be considered sub-prime and your interest rate will be as much as 6X what you will get with an established credit history.
“You might get a loan, but it will be considered sub-prime and your interest rate will be as much as 6X what you will get with an established credit history.”
Only when you use those “good credit yes, bad credit no” companies that could hire monkeys to press computer boards. If you use an underwriter, then you will deal with thinking people. Of course, they are old school and want to make sure the borrower enters with 20% equity and has the means to pay the actual monthly bill...
;-)
“no credit history”
But the person in question here already has a credit history.