Freddie Mac credits on-time rent payments for first-time buyers

Freddie Mac credits on-time rent payments for first-time buyers

For years, many renters have struggled to qualify for a loan, simply because their credit files are too thin to generate a credit score.
Now, that’s about to change, creating homeownership opportunities for millions of first-time homebuyers – especially in underserved communities.
Starting on Sunday, July 10, Freddie Mac will consider on-time rent payments as part of its Loan Product Advisor, or…

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