New Fannie Mae Credit Score and Debt Ratio Requirements for Conforming Loans

December 4th, 2009

Beginning December 12, 2009, Fannie Mae will have new requirements on credit scores and debt ratios for all of their conventional loans. Prior to this change, the lowest credit score a borrower could have for this type of loan was 580. The new lowest score is 620. This is not negotiable, even if you are [...]