Applications & Technology
Qualify more first-time homebuyers
By considering rent payments
It hasn’t always been possible to consider consistent rent payment data when looking to qualify first-time homebuyers for mortgages – but now, DU can use asset verification reports to help qualify more potential borrowers.
By confirming 12 months of positive rent payment data in the validation process, you can reach a wider audience of eligible borrowers – and turn more renters into homeowners.
How to use positive rent payments in DU
- Educate the borrower about what the asset verification process is, how it works, and get borrower consent to order a report.
- Enter the monthly rent payment amount in the loan application.
- Order an asset verification report with 12-months of asset data from an authorized report supplier. Enter the Reference ID in DU and ensure that the rent payment amount entered aligns with the withdrawal amount(s) in the report.
- Review the DU Findings messages to see if positive rent payment history has been considered.
- Identify opportunities where rent payment data could provide a more favorable recommendation by using the Fannie Mae Connect Report.

In their own words
*Customer comments are based on their own experiences with positive rent payment history and may not be typical.
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