06/11/2026
🚨 Big Mortgage Update for Homebuyers 🚨
For years, many buyers believed that if their credit score was below 620 homeownership was off the table.
That’s changing.
Fannie Mae has officially removed its hard 620 credit score requirement for many conventional loans. Instead of relying on one number alone, lenders can now evaluate a borrower’s overall financial picture.
What does that mean?
✅ Credit scores still matter.
✅ Income, assets, reserves, payment history, and overall risk factors may play a larger role.
✅ Some buyers who may have been denied in the past could now have additional financing options available.
Another major change? Newer credit scoring models can consider things like rent payment history, helping some “credit invisible” borrowers demonstrate creditworthiness even without a lengthy credit history.
The takeaway:
Don’t assume you’re not qualified because of a number you saw on Credit Karma six months ago.
If buying a home is on your radar, it may be worth having a conversation with a lender to understand your options. The mortgage world is changing, and opportunities that didn’t exist a year ago may exist today 🤍🏡
Reach out for more info or to get started!
