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Positive Rent Payments

Reduce eligibility barriers with positive rent payment history

Available in Desktop Underwriter

For too long, lenders have been unable to easily consider first-time homeowners’ history of consistent rental payments when seeking to qualify them for mortgages.

Desktop Underwriter® (DU®) now uses asset report data to consider a borrower’s 12-month positive rent payment history. We believe this innovation will help more first-time homeowners qualify for a mortgage. Together, let's make more renters, homeowners.

You can identify a borrower’s rent payment history with an asset report.

Do you already use asset reports?

Yes, I’d like to get started No, I’d like to learn more 

In Their Own Words

Synergy One Lending shares how they used positive rent payment history to help a first-time homebuyer.

Thrive Mortgage is helping first-time homebuyers ensure their rent payment history counts towards their mortgage evaluation.

Nations Lending has changed processes to serve more homebuyers and grow their business.

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


How to use positive rent payments in DU 

  1. Educate the borrower about what the verification of asset (VOA) process is, how it works, and get borrower consent to order a VOA report.
  2. Enter the monthly rent payment amount in the loan application.
  3. Order a VOA 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 VOA report.
  4. Review the DU Findings messages to see if positive rent payment history has been considered.
  5. Identify opportunities where rent payment data could provide a more favorable recommendation by using the Fannie Mae Connect Report.

Pro Tip: DU will issue a message if ordering an asset report could improve the underwriting recommendation. So, if you didn’t order a VOA report and your casefile did not receive an Approve/Eligible recommendation, it’s easy to order a report and resubmit to DU.

How to use positive rent payments in DU
First Step in Helping

First step in helping qualify more homebuyers

In a recent sample of applicants who had not owned a home in the past three years and did not receive a favorable recommendation through Desktop Underwriter, 17% could have received an Approve/ Eligible recommendation if their rent payment history had been considered.