Good news for renters: your on-time rent payments could now help you qualify for a mortgage!
In a recent conversation with Mansa Musa, we learned about Make Rent Count — a new program from Fannie Mae designed to give credit where it’s long overdue. If you’ve been paying at least $250 in rent each month and those payments show up in your bank account, this program can highlight that history when you apply for a mortgage.
It’s especially helpful for first-time buyers or those without a long credit history. Best part? Missed rent payments won’t hurt necessarily, but of course it’s not ideal.
🔗 Get the details here: yourhome.fanniemae.com/rent/make-rent-count
Each Tuesday, catch up with Mansa Musa from MoneySmartLife.org and host Randi Myles to help empower, “sustainable financial well-being for working class families.” Check out the archives at takecontroltuesday.com
🎧 Listen to the full interview below
Image Credits: Pexels.com
