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Fannie Mae Eliminating Minimum 620 Credit Score Eligibility Requirement
- Starting Nov. 15, Fannie Mae will eliminate its 620 minimum middle credit score requirement for home loan credit decisions.
- This change benefits borrowers with lower FICO scores but strong income and cash reserves, per Fannie Mae.
- Fannie Mae's Desktop Underwriter will no longer require a minimum third-party credit score for eligibility.
- From Nov. 16, private mortgage insurer MGIC will accept middle FICO credit scores as low as 600.
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Fannie Mae eliminating minimum 620 credit score eligibility requirement
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Fannie Mae removes minimum credit score requirements from DU
Fannie Mae‘s November 2025 Selling Guide, released on Wednesday, detailed several updates, including expanding Fannie’s Day 1 Certainty offerings to include representation and warranty relief for undisclosed non-mortgage liabilities, expanding the eligibility for the age of credit document exception for single-closing construction loans and removing minimum credit score requirements from Desktop Underwriter (DU). As a result of the latter update…
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Total News Sources11
Leaning Left0Leaning Right2Center8Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
C 80%
R 20%
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