diff --git a/ormar/__init__.py b/ormar/__init__.py
index e5e9262..f3cdedb 100644
--- a/ormar/__init__.py
+++ b/ormar/__init__.py
@@ -30,7 +30,7 @@ class UndefinedType:  # pragma no cover
 
 Undefined = UndefinedType()
 
-__version__ = "0.4.1"
+__version__ = "0.4.2"
 __all__ = [
     "Integer",
     "BigInteger",
diff --git a/ormar/fields/foreign_key.py b/ormar/fields/foreign_key.py
index 26334b4..d2ffb44 100644
--- a/ormar/fields/foreign_key.py
+++ b/ormar/fields/foreign_key.py
@@ -1,6 +1,7 @@
 from typing import Any, List, Optional, TYPE_CHECKING, Type, Union
 
 import sqlalchemy
+from pydantic import BaseModel, create_model
 from sqlalchemy import UniqueConstraint
 
 import ormar  # noqa I101
@@ -9,6 +10,7 @@ from ormar.fields.base import BaseField
 
 if TYPE_CHECKING:  # pragma no cover
     from ormar.models import Model, NewBaseModel
+    from ormar.fields import ManyToManyField
 
 
 def create_dummy_instance(fk: Type["Model"], pk: Any = None) -> "Model":
@@ -23,6 +25,15 @@ def create_dummy_instance(fk: Type["Model"], pk: Any = None) -> "Model":
     return fk(**init_dict)
 
 
+def create_dummy_model(
+    base_model: Type["Model"],
+    pk_field: Type[Union[BaseField, "ForeignKeyField", "ManyToManyField"]],
+) -> Type["BaseModel"]:
+    fields = {f"{pk_field.name}": (pk_field.__type__, None)}
+    dummy_model = create_model(f"PkOnly{base_model.get_name(lower=False)}", **fields)  # type: ignore
+    return dummy_model
+
+
 class UniqueColumns(UniqueConstraint):
     pass
 
@@ -40,10 +51,11 @@ def ForeignKey(  # noqa CFQ002
 ) -> Any:
     fk_string = to.Meta.tablename + "." + to.get_column_alias(to.Meta.pkname)
     to_field = to.Meta.model_fields[to.Meta.pkname]
+    pk_only_model = create_dummy_model(to, to_field)
     __type__ = (
-        Union[to_field.__type__, to]
+        Union[to_field.__type__, to, pk_only_model]
         if not nullable
-        else Optional[Union[to_field.__type__, to]]
+        else Optional[Union[to_field.__type__, to, pk_only_model]]
     )
     namespace = dict(
         __type__=__type__,
diff --git a/tests/test_more_reallife_fastapi.py b/tests/test_more_reallife_fastapi.py
index fc3b1f7..45dab4a 100644
--- a/tests/test_more_reallife_fastapi.py
+++ b/tests/test_more_reallife_fastapi.py
@@ -1,3 +1,4 @@
+import asyncio
 from typing import List, Optional
 
 import databases
@@ -64,6 +65,12 @@ async def get_items():
     return items
 
 
+@app.get("/items/raw/", response_model=List[Item])
+async def get_raw_items():
+    items = await Item.objects.all()
+    return items
+
+
 @app.post("/items/", response_model=Item)
 async def create_item(item: Item):
     await item.save()
@@ -76,6 +83,12 @@ async def create_category(category: Category):
     return category
 
 
+@app.get("/items/{item_id}")
+async def get_item(item_id: int):
+    item = await Item.objects.get(pk=item_id)
+    return item
+
+
 @app.put("/items/{item_id}")
 async def update_item(item_id: int, item: Item):
     item_db = await Item.objects.get(pk=item_id)
@@ -113,6 +126,19 @@ def test_all_endpoints():
         items = [Item(**item) for item in response.json()]
         assert items[0].name == "New name"
 
+        response = client.get("/items/raw/")
+        items = [Item(**item) for item in response.json()]
+        assert items[0].name == "New name"
+        assert items[0].category.name is None
+
+        loop = asyncio.get_event_loop()
+        loop.run_until_complete(items[0].category.load())
+        assert items[0].category.name is not None
+
+        response = client.get(f"/items/{item.pk}")
+        new_item = Item(**response.json())
+        assert new_item == item
+
         response = client.delete(f"/items/{item.pk}")
         assert response.json().get("deleted_rows", "__UNDEFINED__") != "__UNDEFINED__"
         response = client.get("/items/")