Home Loans Just Got Easier (Kinda): What the New Credit Rules Mean for You

We’ve got some seriously good news for homebuyers—especially those who’ve been ghosted by mortgage lenders or told their credit score isn’t good enough.

 

In today’s episode, we break down two big moves shaking up the real estate finance world:

 

👉 First, the Federal Housing Finance Agency (FHFA) just announced the rollout of new credit scoring models—FICO 10T and VantageScore 4.0.

 

If that sounds like alphabet soup, don’t worry—we’re translating it all into plain English. The big takeaway?

 

More people may finally qualify for home loans thanks to these models, which look beyond just late payments and give credit for rent and utility history. Yes, paying your FPL bill might actually help you now.

 

👉 Second, we tackle some of the biggest myths stopping first-time buyers in their tracks. No, you don’t need a 20% down payment.

 

No, perfect credit isn’t required. And yes, there are legit 3%-down loan options that don’t involve selling a kidney.

 

We also dig into the psychological and cultural baggage that keeps buyers on the sidelines—and how real estate agents (👋 hi, that’s us) can play a role in rewriting the narrative.

 

This episode is part reality check, part motivational pep talk, and 100% helpful if you (or someone you love) wants to buy a home but thinks they can’t.

 

If you ever want to buy or sell a property anywhere in the world, our team would be honored to help get you to your next destination.

 

Until next time, stay curious, stay hungry, and as always… stay ALL IN!

 

Amit Bhuta

COMPASS

ALL IN Miami Group

Licensed Real Estate Agent

 

(305) 439-3031 Mobile

amit.bhuta@compass.com

ALLinMiami.com