No credit score loans were created specifically for those of you with no credit to fall back upon when it comes time to apply for a home loan. Normally, your lender will conduct a thorough background check, relying heavily on your credit report for information. In the cases where there is no credit report, the process can still take place, but it takes much longer. In order to get background information, your lender will have to go through different avenues to make sure you don’t have any late payments. This turns out to be a lot more paperwork for the underwriter to complete, which means your approval process time for a mortgage in Tennessee can be quite lengthy.
http://tennessee.churchillmortgage.com/industry-news/securing-a-mortgage-in-tennessee-even-without-a-credit-score/
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