09/16/2021
Great news for potential home buyers. Fannie Mae is now taking rent into consideration when purchasing a home. They will be looking for consistent rent payments coming out of your account every month! Additionally, mortgage companies use your middle fico score to determine credit eligibility for a mortgage. When purchasing a home with a partner, they would normally take the lowest persons middle score to determine the credit worthiness. But now, the credit scores will be averaged. This is going to help a lot of people who thought home ownership would never be in their future.
This will begin 9/18/21