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Director of the Federal Housing Finance Agency (FHFA) William J. Pulte just handed renters who are looking to buy a home a huge win.
Until now, if you were renting a home, the only thing that went into qualifying for a mortgage was your credit score, which until now has never included rent payments.
Thanks to a brand new order from Pulte, that all changes today:
My ORDER today (thanks to my boss, POTUS) will allow for Americans to use their RENT to qualify for a mortgage. Credit history will no longer just include credit cards and loans. This is HUGE.
— Pulte (@pulte) July 8, 2025
Here are more details according to National Mortgage Professional:
Mortgage lenders working with Fannie Mae and Freddie Mac can now choose to use Vantage Score 4.0, while still keeping tri-merge credit checks on borrowers.
“Effective today,” Federal Housing Finance Agency (FHFA) Director William J. Pulte posted on X this morning, “to increase competition to the Credit Score Ecosystem and consistent with President Trump’s landslide mandate to lower costs, Fannie and Freddie will ALLOW lenders to use Vantage 4.0 Score with no current requirement to build new infrastructure (stays Tri Merge).”
The post could signal real disruption in the credit scoring and mortgage data landscape — lenders working with Fannie Mae and Freddie Mac can now use VantageScore 4.0, pulling credit from all three major bureaus.
“VantageScore thanks Director Pulte for his resolute focus on enacting credit score competition as required by the law, and promoting efficiency and affordability for creditworthy Americans,” stated Silvio Tavares, president and CEO of VantageScore, in a release. Tavares added that Pulte’s decision “will revolutionize the American mortgage market and grant millions of creditworthy Americans the golden opportunity to own their homes.”
National Mortgage Professional reported in late April that more lenders are checking borrowers’ credit with VantageScore, which was developed by Experian, TransUnion, and Equifax. Overall, some 41.7 billion VantageScore credit scores were used in 2024, up a sizeable 55% from 26.9 billion in 2023.
Today’s announcement from FHFA today came after Pulte said in May that the agency would move forward with plans to change the credit-score requirements for Fannie Mae and Freddie Mac. Pulte has specifically targeted the higher costs of Fair Isaac Corporation (FICO) credit scores, and upon Pulte’s announcement, shares of FICO have fallen more than 10%.
In following up on his first post, Pulte said the move to allow VantageScore will bring “forgotten Americans” back into the fold while reducing homeownership costs.
“We are expanding credit access to millions of forgotten Americans — people who live in rural areas, renters who pay their rent on time every month — and bringing down closing costs,” he posted on X, then pinned the post. He also had hinted that cost-saving moves are in the works: “If it helps the American consumer, and is legal, we must do it,” Pulte posted Thursday evening, July 3.
He also gave a nod to President Donald J. Trump, calling the VantageScore change “huge.”
“My ORDER today (thanks to my boss, POTUS) will allow for Americans to use their RENT to qualify for a mortgage,” he wrote on X, referencing VantageScore 4.0’s consideration and treatment of a range of payment types in determining creditworthiness. “Credit history will no longer just include credit cards and loans. This is HUGE.”
This is a Guest Post from our friends over at WLTReport.