Sentences with phrase «evaluating nontraditional credit»
This mortgagee letter provides guidance to lenders and underwriters for establishing and evaluating nontraditional credit histories and also describes FHA's acceptance of those enterprises that can develop a verifiable credit history, no less than 12 months in duration, for borrowers with limited traditional credit.
http://www.fhaloanpros.com/ Not exact matches
Ideal for borrowers who need to be evaluated on the basis of nontraditional credit.
Wells Fargo evaluates credit using nontraditional sources, such as tuition, rent or utility bill payments.
Ideal for home buyers and refinancers who want an FHA mortgage and need to be evaluated using nontraditional credit criteria.
Ideal for borrowers who need to be evaluated on the basis of nontraditional credit.