Make Rent Count

With a solid rent history, your rent payments can help you qualify for a home loan.

 

How to make rent payments work harder for you

If you pay your rent each month, we believe you are likely to pay your mortgage consistently, too. That’s why our innovative technology gives mortgage lenders the ability to consider your consecutive monthly rent payments in determining if you qualify for a home loan. Get recognized for your consecutive rent payments. You may be eligible if you:

Have been renting for at least 12 months with a rent payment of $300

Your lender will use digital technology to identify recurring rent payments of at least $300 made from your bank account.

 

Have made 12 recurring rent payments in a row

 

To be eligible, you will need to have made 12 consecutive rent payments without missing a month. If 12 months of rent cannot be identified, you will not be able to leverage your monthly payments to help qualify for a mortgage. Please note that missed payments will not be counted against you.

Are a first-time homebuyer purchasing a primary residence

 

To be considered a first-time homebuyer you must:

1. Reside in the property you are purchasing as your primary residence
2. And have had no ownership interest in a residential property during the three-year period preceding the date of the purchase of the property

Have a credit score of at least 620

You will need to have a minimum credit score of 620 to consider 12 months of consecutive rent payments in your mortgage evaluation.

Paying rent pays off

In this brief video, we will discuss why making consecutive rent payments is important and how it can benefit you when qualifying for a home loan.