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uponit7771

(93,533 posts) Tue Nov 11, 2025, 02:13 PM Nov 2025

Fannie Mae to Drop Minimum Credit Score for Homebuyers [View all]

Yep, they're doing this shit again and this time its "trust me bro, I score them better than last time" vibes all over this !!

https://www.paymentsjournal.com/fannie-mae-to-drop-minimum-credit-score-for-homebuyers/

"Fannie Mae is lowering its minimum 620 middle credit score requirement for purchases and refinance loans—a move that could broaden access to homeownership for borrowers with thinner credit files or lower scores.

Following Freddie Mac’s lead, Fannie Mae is removing the threshold from its Desktop Underwriter (DU) eligibility determination system. While DU may no longer require a credit score, it will continue to evaluate loans using a comprehensive set of credit risk criteria to determine whether they qualify for sale to Fannie Mae."

32 replies

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Fannie Mae to Drop Minimum Credit Score for Homebuyers [View all] uponit7771 Nov 2025 OP

Here we go again... Ocelot II Nov 2025 #1

I already saw the ending to this movie. Irish_Dem Nov 2025 #26

Add in 50 year mortgages, and what could go wrong? Nt Fiendish Thingy Nov 2025 #2

On top of the risk this implies (as you suggest) due to parallels to the 2008 catastrophe AZJonnie Nov 2025 #3

We're in real trouble when they start handing out second mortgages. Johonny Nov 2025 #4

Great. Another Dem POTUS will bail out banks leftstreet Nov 2025 #5

Surprising we're against people with low credit scores getting considered for a mortgage. Silent Type Nov 2025 #6

I had a low credit score for years and was unable to buy a home. A HERETIC I AM Nov 2025 #7

"I stopped doing the things that got me the low credit score to begin with." Maru Kitteh Nov 2025 #18

That's how our credit rating died, in mountains of medical debt. hunter Nov 2025 #29

Um, folks about to lose their medical insurance! MerryBlooms Nov 2025 #20

Unfortunately, we all pay when these mortgages go into default Totally Tunsie Nov 2025 #8

To a libertarian, there's no such thing as a negative externality Prairie Gates Nov 2025 #13

Because it generally means that the borrower can't afford the loan. hamsterjill Nov 2025 #10

I recall one of the most infamous tricks of the time: Totally Tunsie Nov 2025 #15

Surprised you're against protecting them from lenders leftstreet Nov 2025 #11

The only sacred principle is that all borrowers should have the choice to be exploited Prairie Gates Nov 2025 #14

All DUrs are against low credit score holders being exploited uponit7771 Nov 2025 #16

If you consider someone finally getting a house exploitation. I don't. Silent Type Nov 2025 #17

Someone who can't afford it getting one? Yes ! You know that already and are talking around obvious concerns... uponit7771 Nov 2025 #19

620 doesn't mean you can't afford it. You deserve an evaluation. This doesn't guarantee a loan, just consideration. Silent Type Nov 2025 #21

Known known, credit worthiness doesn't express affordability, don't see the point in expressing the obvious? Bottom line uponit7771 Nov 2025 #23

Trump is proposing to fix serious problems with bandaids. snot Nov 2025 #31

No question it's bandaids. So was $50K for a down payment. Silent Type Nov 2025 #32

This is why Grants and Grant City went out of business. QueerDuck Nov 2025 #9

When these people, go bankrupt or get behind in payment all these corporate companies will snap up the housing kimbutgar Nov 2025 #12

That doesn't Rebl2 Nov 2025 #22

Thin credit files shouldn't disqualify otherwise qualified borrowers. flvegan Nov 2025 #24

Right, no credit can be worse than bad but their earning history kicks in for housing usually. I'm not trusting these .. uponit7771 Nov 2025 #25

The fear that they'll qualify borrowers they shouldn't flvegan Nov 2025 #27

I Felt Very Sorry For People Last Time Around OC375 Nov 2025 #28

I have seen so many young people buy more redstatebluegirl Nov 2025 #30