108: New Fannie Mae guidelines made it easier to get a mortgage w/ no credit score.
Episode description
Fannie Mae, one of the largest buyers of mortgages in the US, recently made updates to its automated underwriting system to make getting a mortgage more accessible to borrowers who don't have a credit score. I break down how this impacts the "credit invisible" community obtain a conventional loan easier.
This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.
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