There are some banks and lending companies out there that advertise that the do a no credit mortgage.  You have probably seen ads on television and the Internet.  If you are very serious about getting a no credit mortgage, I would advise you to contact some of these companies and see what they have to offer.  You never know, they might offer you a deal that you cannot pass up because of the current economy.

While it is not easy, you can get a no credit mortgage.  You are likely to pay a higher mortgage rate and you are going to incur a lot of time and costs but if you want a mortgage that badly this is what it is going to take.

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To find out exactly how much money your mortgage can be lenders will look at several factors.  These factors include employment status, personal assets, credit scores and any late payments you may have had over the last few years.  Once again this is not an exact science, but it is a method that has proven to work, for the most part.  Something I would recommend all first time home owners to do is to check their credit score before getting a pre mortgage approval.  There may be some mistakes on your credit score that could drop the score over 100 points.  It is better to find out about these and try to resolve them rather than the lender finding out.

Overall, you will not get to determine how much of a mortgage you will get.  What you can do is to make smart financial decisions and keep your credit history clean.  This will enable you to get a mortgage more to your liking.  If you have a credit score over 750, a stable source of income and some assets to your name, it is likely you will get a reasonable sized mortgage at a low rate to buy the home of your dreams.