06/03/2026
BIG NEWS for Future Homeowners!
Have you ever felt like your credit score doesn’t tell your whole financial story? The Federal Housing Administration (FHA) agrees!
In this clip, it was just announced that the FHA will now accept **VantageScore** and **FICO 10T** credit scoring models for loan approvals.
What does this mean for YOU in plain English?
Traditionally, mortgage approvals have relied on older credit scoring models that miss a lot of your everyday financial wins. With these new models, the FHA will now look at a much broader picture of your financial responsibility, including:
Your Rental History - Finally, getting credit for paying rent on time!)
Utility Payments (Water, electric, gas)
Telecommunications Data (Phone and internet bills)
The Bottom Line:
This is a game-changer. By including data that wasn’t previously accounted for, this update is going to make housing more accessible and affordable, opening the doors to homeownership for millions of Americans who may have been turned away in the past.
Ready to see if this new update changes your homebuying timeline? Let’s hit the pavement and find your dream home!
Lesley C Greene
The Powerwalking Realtor
Art Herling Team | Howard Hanna Real Estate Services
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