New FHA Rule Allows Rental History To Count In Credit History

BREAKING NEWS: The FHA just announced First-time Homebuyers can finally have their RENTAL HISTORY considered in their total picture when applying for an FHA loan!
What does this mean? If your first-time homebuyer client doesn’t have a lot of credit but has *good rental history*, that can help them when applying for an FHA loan. This new guidance starts on October 30, 2022.
► HUD Public Affairs Press Release
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Jodi Bakst, Broker/Owner
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