Your Rental History Counts! Big Win for Many First-Time Homebuyers! Fannie Mae just released a bulletin that they will now consider your rental payment history when underwriting your loan. Many times, rental payments do not show up on a credit report, which meant those payments were not considered. Now the automated underwriting systems are being updated to evaluate your rental history. Message or call me and let’s discuss your new dream home!
Related Article Title: Fannie Mae’s FAQs for Positive Rent Payment History – Dated August 18, 2021 Written by: Lloyd Rutherford, Staff Writer Fannie Mae issued an update to DU Version 11 that will allow Rent Payments to be considered. However, there are certain procedures that need to be followed to make this happen for your […]