Make Rent Count
With a solid rent history, your rent payments can help you qualify for a home loan.
How to make rent payments work harder for you
If you pay your rent each month, we believe you are likely to pay your mortgage consistently, too. That’s why our innovative technology gives mortgage lenders the ability to consider your consecutive monthly rent payments in determining if you qualify for a home loan. Get recognized for your consecutive rent payments. You may be eligible if you:
3 important details to consider
You’ll need to show proof of rent payments
To allow your lender to verify that you've been consistently paying rent, you must give consent. Your lender will use a digital process to access your bank account statements and can only view your account(s) for as long as needed for the loan process. Speak to your lender about how this information can be obtained securely and confidentially.
Only a positive change can come out of this
Missed or late rent payments are not identified and won’t be counted against you. Only consecutive rent payments may be considered in your mortgage evaluation. If you have questions about this, your lender can help.
This may make up for a limited credit history
If you have a limited credit history, this enhancement could help you qualify for a mortgage whether your rent payments are reported to the credit bureaus or not.
How does it work?
Providing your mortgage lender with digital access to 12 months of bank statements is a fast, easy, safe way to certify and share your rent payment history and help you qualify for a mortgage. You’re providing the same information that’s available on printed statements in a convenient digital format.
Digital verification details vary by lender, but the process follows these basic steps:
Visit the digital verification portal provided by your lender and use your login credentials to safely connect your bank account.
The specific bank statements required for verification are securely transferred between your financial institution and your lender.
Your lender will review statements from the past 12 months to confirm your consecutive payment history.
Frequently asked questions
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