FHA Now Uses Rental History as Credit — Great News for Nome Buyers

One of the biggest barriers for many Nome residents is building traditional credit. FHA now allows lenders to factor in on-time rent payments when evaluating loan applications.

How It Helps

• Buyers with limited or no credit scores can qualify

• Long-term renters with good payment history get credit for it

• Reduces denials caused by “thin credit files”

• Helps households that rely on debit cards or cash instead of credit cards

Why This Is Important in Rural Alaska

Many borrowers here have rock-solid income but minimal credit activity. Rent history gives them a path to homeownership without needing years of credit-building.