On-time rental payments will now factor into Fannie Mae underwriting calculations and missed rental payments won’t keep borrowers from getting a mortgage. The Federal Housing Finance Agency today announced that positive rental payment history will be taken into account in the government sponsored entity’s underwriting system. The change is effective immediately, through a change to the digital underwriting system used by the agency’s regulated entity. Borrowers and lenders do not have to take any additional steps to make use of the feature.
Full Article here: On-time rent now counts in Fannie Mae underwriting
(512) 853-0110 or robert@AustinTxHomeSales.com
If you are unable to open the link/article above, please let me know so I can get it to you another way.
#RealEstate #AustinHomes #MoveToAustin #Relocate #RelocateToAustin #AustinHomeBuyers #AustinHomeSellers #AustinJobs #AustinRealEstate #HomeForSaleAustin #NewHomes #RealEstateMarket #HomeMortgage