
07/11/2025
"Renters who pay their landlords on time may start finding it easier to get a mortgage.
Last weekend, federally-backed home loan investor Fannie Mae introduced a tool that allows lenders to assess if renters pay on-time and to use that information to help them qualify for a mortgage. The move is designed to help more people with limited credit histories or low credit scores become homeowners."
#614
Susan Hackett-Leytze, REALTOR®
e-Merge Real Estate
614-218-1290
[email protected]
A recent study from the Urban Institute found that rental history is a very precise predictor of how a borrower will perform making future mortgage payments. Those with no missed payments were much more likely to continue to make on-time payments compared to those who had one or more missed payments