First Time Home Buyers

First Time Home Buyers Rent History Can Now Be Used in Risk Assessment

This is a BIG Deal for First-Time Home Buyers!

Fannie Mae Will be adding the history of rent payment for the 1st time buyer to its DU (Desktop Underwriter). ““Positive rent payment history” refers to a new feature, effective Sept. 18, which will allow DU to use verification of asset (VOA) reports (i.e., bank statement data) to identify recurring rent payments to potentially enhance DU’s credit assessment of prospective, first-time home buyers.” 

View the Positive Rent Payment History Facts

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