A sign in front of an apartment building with available rentals in San Francisco, Calif. Justin Sullivan/Getty Images
Some Americans will now be able to use their rent payment history to help them qualify for a mortgage, Federal Housing Finance Agency (FHFA) Director Bill Pulte announced on July 8.
In a statement on social media platform X, Pulte said the FHFA will accept the consumer credit-scoring system VantageScore when evaluating consumers’ creditworthiness for mortgages sold to Fannie Mae and Freddie Mac.
