For whom must the Lender obtain a credit report?

The Lender must obtain a credit report for each borrower who will be obligated on the mortgage note. Joint reports may be ordered for individuals with joint accounts.

The Lender must obtain a credit report for a non-borrowing spouse who resides in a community property state, or if the subject property is located in a community property state.

The Lender is not required to obtain a credit report for borrowers applying for non-credit qualifying Streamline Refinance transactions.

For additional information see Handbook 4000.1 II.A.4.b.i and II.A.5.a.i. available at

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.

Topic Number: KA-02132