WASHINGTON — Beginning Nov. 16, Fannie Mae will no longer require its minimum credit score for borrowers, marking a significant shift in how its automated underwriting system determines eligibility.

The government-sponsored enterprise said it will drop its 620 minimum FICO score requirement for loans processed through its Desktop Underwriter (DU) system and instead use its own risk analysis to determine if a borrower qualifies.

“The DU risk assessment reflects a comprehensive evaluation of credit risk factors from the borrower’s credit report along with non-credit risk factors from the loan application,” Fannie Mae said.

Federal Housing Finance Agency Director Bill Pulte said the change gives lenders more flexibility in the types of scores that can be considered.

“Big deal for consumers. Small or nothing deal for underwriting,” Pulte said on X.

Fannie Mae also updated how its DU system handles borrowers with limited or no credit history. If a borrower has no reported credit or installment account, DU will flag the lender to document a nontraditional credit history and, if necessary, require homebuyer education.

Loans submitted or resubmitted starting the weekend of Nov. 15, 2025, will also be subject to the updated DU documentation rules.

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We continue to see many people planning ahead, and buying that second home now, rather than waitiang as they were planning to do; especially with Snowmads and Zoombirds working from home.  Previously we had Snowbirds; interesting how terminology keeps changing / evolving.  Hurricane Ian prompted some buyers to start looking again, while other buyers had pulled back momentarily.

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Relatively low inventory overall is still a challenge for active buyers who are not prepared on some property types; but if prepared you are ahead of the game; ask how we can help with all of that.  We do see more listings coming to the market here in Southwest Florida, so, that is good.

We recently got a number amazing deals for buyers; even during the recent Hot Sellers Market; and we are working on others as our market changes a little having gone through a hurricane.  There are deals out there; if you work with us, we will definitely find them for you. 

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