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Fannie Mae Making It Easier for African-Americans, Latinos to Get Mortgages

Loans / Lynnette Khalfani-Cox, The Money Coach / Fannie Mae, VantageScore

Fannie Mae is rolling out a series of new mortgage rules that will make it easier for African-Americans, Latinos and others to qualify for home loans. Under recently announced guidelines, starting in 2016 Fannie Mae will require mortgage lenders to take into account non-traditional credit data from potential homebuyers, such as a person’s rent payments […]

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I Don’t Have a Credit File and Now I Want to Buy A Home. What Should I Do?

Real Estate / Lynnette Khalfani-Cox, The Money Coach / Fannie Mae, HomePath Program, thin credit file

Q: I am a 44 year old man who has never had credit. The last time I financed anything was in 1991. I pay all my bills (including rent) on time. Now I want to purchase a home, but I have no credit score. What can I do and are there programs to help first

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All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

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