Freddie Mac just announced that credit scores will not be required to purchase a manufactured home. Instead a lender can establish a borrower’s credit using non-reported credit such as rent, utilities and other reoccurring monthly obligations. This is effective for closings April 1, 2020 or after.

Related Article Title: Freddie Mac Selling Guide Update – Bulletin 2019-25 – Dated December 4, 2019 – Updated MTP™ – GreenChoice® Home Loans – Energy Efficient & Earth Friendly Written by: Lloyd Rutherford, Staff Writer There are some game-changer updates in this article that will give you the edge over your competition if you read […]

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