Don’t look now but Fannie Mae and Freddie Mac are increasing their pricing adjustments for lower credit scores….and, lower scores to Fannie and Freddie means anything below a 740 credit score.
These adjustments were already high for conventional loans. …but, now it’s getting ridiculous.
I have two messages for you here…
1) Your credit score is more important than ever – and try to keep it as high as you can.
2)
FHA, VA, USDA don’t have the extremely high pricing penalties that
Fannie/Freddie do. …so, if you can possibly avoid using a
conventional loan – please do so.
Thanks for reading! …and, have a great day!
Brett