What is TRADITIONAL and NON-TRADITIONAL CREDIT HISTORY ?

Hi larry,

"For borrowers who do not have any traditional credit history, the lender look at their non-traditional credit history to qualify for a loan."
This line means as if the lender will qualify for a loan. But I think it will be "the lender looks into their non-traditional credit history before approving the loan" because a lender cannot qualify for a loan; it is the borrower who has to qualify.

Thanks :)

If you are looking at loans where non traditional credit history is accepted, for one I know about MyCommunityMortgage from Fannie Mae which accepts non traditional forms of credit history. (fanniemae.com/homebuyers/findamortgage/mortgages/mycommunity.jhtml)