Borrowers with Disabilities

If a borrower with disabilities does not have a credit score and a nontraditional credit history is being developed, the underwriter may use documentation provided by a court-appointed guardian, a Social Security Administration representative payee, or a parent, provided that this party:

• manages the borrower’s financial transactions,

• maintains records on the borrower’s behalf, and

• uses credit accounts held jointly in the name of the person with disabilities to pay financial obligations.

The underwriter can use the documentation provided either to request a nontraditional mortgage credit report from a consumer reporting agency, or to establish a nontraditional credit history for the borrower, as described in this topic.