Fannie Mae Removes Minimum Credit Score Requirement - Greater Baton Rouge Area Real Estate News!

Fannie Mae has now removed the minimum score requirement as part of the loan underwriting process! That's huge news for the consumer loan market and will open up an avenue to home ownership for a whole new group of individuals.

Fannie Mae's Desktop Underwriting (DU) system will now review your entire overall financial profile which includes income, assets, payment history & credit behavior in making an automated DU approval/deny decision.

The key takeaway from this is that if you've not previously not qualified for a Fannie Mae loan based on your credit score, it's time to head back and visit with your loan office for a re-submittal of your loan application!

Specific loan question? Reach out to Ryan Larussa with Synergy One Lending and he'll be glad to help you out - Ryan is one of my most trusted lender partners!

I'm always available to answer questions about specific homes or neighborhoods or the real estate market in general - just reach out and let's visit!

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