It’s much harder to jump into the housing market now than it was 30 years ago. However, the Trump administration is instituting policies that will make it easier.

One of the many barriers to entry is the lack of credit history. The Trump administration changed that on Tuesday. The policy shift, announced by Federal Housing Finance Agency (FHFA) Director Bill Pulte, leverages the VantageScore 4.0 to integrate rent payment history into mortgage eligibility, potentially benefiting millions by addressing a gap where renters with consistent payment histories couldn’t qualify for similar mortgage amounts.

“Effective today, to increase competition to the Credit Score Ecosystem and consistent with President Trump’s landslide mandate to lower costs, Fannie and Freddie will ALLOW lenders to use Vantage 4.0 Score with no current requirement to build new infrastructure (stays Tri Merge),” Pulte posted on X.

Effective today, to increase competition to the Credit Score Ecosystem and consistent with President Trump’s landslide mandate to lower costs, Fannie and Freddie will ALLOW lenders to use Vantage 4.0 Score with no current requirement to build new infrastructure (stays Tri Merge).

— Pulte (@pulte)

© The Daily Caller