And...

HUD recognizes that some borrowers may not have yet established a credit history. For those borrowers, and those who do not use traditional credit, the lender will try and develop a credit history from utility payment records, rental payments, automobile insurance payments, or other means. This is called Non-Traditional Credit. Specific guidelines in dealing with this were released on April 29 ,2008. In trying to establish credit a borrower may consider applying for a secured credit or debit cards or rebuilding their credit history.