Blog posted On July 21, 2022
One of the biggest obstacles for first-time home buyers is their limited credit history. Credit history is a big factor in the mortgage application process. However, we’re now offering an alternative solution for first-time buyers. With positive rent payment history, we can include your completed rent payments in the application process, which may help boost your overall credit assessment and allow you to qualify for a mortgage more easily.
Buyers who are eligible for positive rent history consideration must:
How to get started
How to prepare
If you’re not sure if you’re ready to buy or you’re still saving for a down payment, there are a few ways you can prepare in the meantime.
If you’re interested in our positive rent payment history, let us know. We can explain the digital process in more depth when you’re ready!
Sources: Fannie Mae