October roll-up: September guideline changes

The 5 things to remember from September:

1. New appraisal format starts Nov 2, but lenders that aren’t ready can request an exception (announced Sep 30).
2. Fannie’s new rental income rules required for applications dated Dec 1 or later (moved from Nov 1).
3. DU 12.1 is live (Sep 25): stricter on occupancy and appraisals, easier on new salaried jobs.
4. Freddie lets savings and investments count as income more easily (divide by 180).
5. VantageScore 4.0 is open on Fannie/Freddie now; FHA adds it Jan 1, 2027.

Deep dives in this issue: Appraisals in October/November (which format, which lender, the exception process) and keeping the current home as a rental under the Dec 1 Fannie rules. Full deep-dive detail lives in the LO Library.

Topics: appraisals, rental income, DU, asset income, credit scores

Full topic references: LO Library · Alert archive