E-LOAN offers two ways to help you move into a new home without the usual 10-20% down payment. If you are a first time home buyer with a strong credit history, you can qualify for special 15-year and 30-year fixed loans with just 3% down at very competitive rates. Just what, exactly, is "a strong credit history"? I have only two accounts, one an installment the other a credit card, and they are each only 2 years old. Never late. The reason my history is so limited and short is because I had alot of paid collections that were deleted. Should I even bother applying with E-Loan?