New Mortgage Update. What It Means for Buyers

There is a major update in how some buyers can qualify for a mortgage. Fannie Mae has adjusted how loans are evaluated through Desktop Underwriter (DU). The goal is to look at a buyer’s full financial picture, not just a credit score.

What Changed

• Some DU approved loans may not require a minimum credit score
• Lenders can consider income stability, rent history, and utility payment history
• Buyers with limited credit history may receive a more complete evaluation
• The Federal Housing Finance Agency confirmed this is not looser lending. It is a modernization to create more accurate and predictable approvals

Why This Matters

For many buyers, especially those told to wait because of credit history, this could open new conversations about homeownership. Responsible financial habits like consistent rent and utility payments can now play a bigger role.

This does not mean automatic approval. Income, debt, assets, and overall financial stability still matter. Preparation and guidance are still key.

How The April Stephens Team Helps

We work closely with trusted lenders to help buyers understand their real numbers, prepare early, and avoid surprises during underwriting. Our goal is to help you move forward with clarity and confidence.

If you have been told “not yet,” this may be a good time to revisit your options.

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