Rent Payments Now Factor In Underwriting Decisions

On-time rent payments can now help you get a home loan!

Fannie Mae (the government agency that backs many mortgage loans) will now use on-time rent payments as a factor when granting a mortgage. Fannie Mae estimates that 17% of previously denied applications could have been approved if rent payments were considered, so the change promises to help a lot of homebuyers.

Though lenders have always documented rent payments as part of their application process, these payments can now make up for insufficient credit accounts and add real merit toward approval.

If you or someone you know has put off homeownership for fear of inadequate credit, it may be worth taking a second look.

Recent Blog Posts

Stay up to date on the latest real estate trends.

Best Things to Do in Barnstable, MA

Sarah Rock | September 12, 2023

Exploring the Charm and Delights of Barnstable, MA.

6 Things to Know About Living in Barnstable, MA

Sarah Rock | June 7, 2023

Relax on picturesque beaches and soak in historic seaside living.

8 Best Things to Do in Falmouth, MA

Sarah Rock | June 7, 2023

Discover all the hidden gems in this small but quaint community in Cape Cod.

9 Best Things to Do in Mashpee, MA

Sarah Rock | March 22, 2023

Mashpee is full of outstanding recreational and entertainment possibilities.

Moving to and Living in Falmouth, MA - Everything You Need to Know

Sarah Rock | March 22, 2023

Thinking about moving to Falmouth? Here are some things you should know before you arrive.

The Ultimate Guide to Selling a Home in Massachusetts

Sarah Rock | December 28, 2022

The insider’s guide to getting top dollar for your Massachusetts property.

6 Must-Know Tips for Buying a Home in Massachusetts

Sarah Rock | November 15, 2022

Stay informed and ahead of the competition to lock in the home you want in the Bay State.

Your Fico Score

March 21, 2022

If you have less than perfect credit, keep looking until you find a lender who will work with you.

Keep Your Kids Happy and Yourself Sane During a Remodel: 5 Tips

February 15, 2022

You really can have that amazing new kitchen without losing your mind with these 5 tips!

View All

Work With Us

Our team will serve as your ultimate resource every step of the way, and they go above and beyond to foster a smooth, seamless, and stress-free experience. We are the negotiating experts, the marketing gurus, the advocators, the local insiders, and the professional agents you can trust to exceed your expectations.

Search Homes For Sale by Neighborhood

Cape Cod

Mashpee

Falmouth

Barnstable