Fannie Mae Scraps 620 Minimum Credit Score. Will More Applicants Be Approved?
It's the end of the 620 minimum credit score for Fannie and Freddie. But that doesn't mean a free for all.
November 13, 2025 3 min read
It's the end of the 620 minimum credit score for Fannie and Freddie. But that doesn't mean a free for all.
Buy Now, Pay Later lender Klarna worries lenders will penalize borrowers who use its service.
Lenders can now choose between using FICO and VantageScore scoring technologies for credit checks. And borrowers could benefit from this credit score war.
A Mortgage Research Network study found buying a home with a low-credit spouse could cost an extra $437 per month, or nearly $63,000 over the average homeownership tenure.
Disputing items on your credit report can derail your mortgage approval, even if the account is inaccurate. What to do instead.
With some hard work, your credit score can skyrocket 100 points or more. Here's what it might take.
Many first-time buyers hesitate to get pre-approved because it could hurt their credit. But now it's possible to get pre-approved without a hard credit inquiry.
Refinancing is easier than buying a home, but can still be a challenge with a low credit score. Best programs and strategies for poor credit refinancing.
According to the New York Federal Reserve, 3.8% of mortgage dollar volume was lent to borrowers with credit scores below 620 in the third quarter of 2023. How to set yourself up for the best chances of approval.
Conventional loans are not off limits for those with less-than-perfect credit. Plus, a new rule chance could mean you're eligible.
Lenders now have the time to spend on a loan file that needs a little more TLC, since they're no longer flooded with 800-FICO-score, 20%-down loans.
There are options for mortgage borrowers who don't meet the credit score standards for traditional home loans.
Every homebuyer is hoping to get approved for a mortgage at the current, historically low rates, but experts warn that only people who have high credit scores are likely to receive them.
The average U.S. FICO score rose to a record high in 2020 amid the worst pandemic in more than a century, according to Experian data.
Buy Now, Pay Later is incredibly popular among young consumers. Soon, they'll be able to harness this borrowing to boost their credit scores, if they pay on time.
A new study finds "rent reporting increased the share of people with near-prime scores or better by 25 percentage points."
Millions of Americans saw their credit scores sink when student loan collection resumed. How it might affect their ability to buy a home.
The real story on how to improve credit from an on-the-ground loan officer who works with first-time buyers daily.
