{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.getloans.com\/blog\/new-credit-score-requirements\/#BlogPosting","mainEntityOfPage":"https:\/\/www.getloans.com\/blog\/new-credit-score-requirements\/","headline":"New Credit Score Requirements","name":"New Credit Score Requirements","description":"Fannie Mae has announced new credit score requirements. There are new rules regarding credit scores that will impact the terms you get on a mortgage. For many years there have been rules that say you pay a higher rate with a lower credit score. Now the rules have gotten even more strict causing costs to […]","datePublished":"2011-01-04","dateModified":"2023-11-15","author":{"@type":"Person","@id":"https:\/\/www.getloans.com\/blog\/author\/brianm\/#Person","name":"brianm","url":"https:\/\/www.getloans.com\/blog\/author\/brianm\/","identifier":2,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/b03dd1a5c12d48f4023463adfa5dbd6d38ebf6f4d842bd8f8d55ec71cb0ca275?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/b03dd1a5c12d48f4023463adfa5dbd6d38ebf6f4d842bd8f8d55ec71cb0ca275?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Person","name":"Brian Martucci","image":{"@type":"ImageObject","@id":"https:\/\/www.getloans.com\/wp-content\/uploads\/2026\/06\/brianmartucci-getloans-logo2017.webp","url":"https:\/\/www.getloans.com\/wp-content\/uploads\/2026\/06\/brianmartucci-getloans-logo2017.webp","width":400,"height":70}},"image":{"@type":"ImageObject","@id":"https:\/\/www.getloans.com\/wp-content\/uploads\/2010\/11\/credit-card-score.png","url":"https:\/\/www.getloans.com\/wp-content\/uploads\/2010\/11\/credit-card-score.png","height":1248,"width":1920},"url":"https:\/\/www.getloans.com\/blog\/new-credit-score-requirements\/","about":["credit"],"wordCount":349,"keywords":["credit score rules"],"articleBody":"Fannie Mae has announced new credit score requirements. There are new rules regarding credit scores that will impact the terms you get on a mortgage. For many years there have been rules that say you pay a higher rate with a lower credit score. Now the rules have gotten even more strict causing costs to rise.AnnouncementBelow is an announcement from one lender we work with that will help illustrate:“In response to the new agency (FNMA\/FHLMC) loan level price adjustments, ______ Mortgage Company will be making the following changes to our conventional price grids. Effective with all new interest rate lock-ins on Monday January 3, 2011, the following price adjusters will apply (these are called “add-ons”, and are points that are added on to the interest rate):Conventional Fixed\/ARM Loan Price Adjustments:Loan-To-Value FICO>=74070.01 – 75.00% 0.00 (used to be 0.00)75.01 – 80.00% 0.25 (used to be 0.00)80.01 – 85.00% 0.25 (used to be 0.00)85.01 – 90.00% 0.25 (used to be 0.00)90.01 – 95.00% 0.25 (used to be 0.00)Loan-To-Value FICO 720 – 73970.01 – 75.00% 0.25 (used to be 0.00)75.01 – 80.00% 0.50 (used to be 0.00)80.01 – 85.00% 0.50 (used to be 0.00)85.01 – 90.00% 0.50 (used to be 0.00)90.01 – 95.00% 0.50 (used to be 0.25)Loan-To-Value FICO 700 \u2013 71970.01 – 75.00% 0.75 (used to be 0.50)75.01 – 80.00% 1.00 (used to be 0.50)80.01 – 85.00% 1.00 (used to be 0.50)85.01 – 90.00% 1.00 (used to be 0.50)90.01 – 95.00% 1.00 (used to be 0.75)Loan-To-Value FICO 680 – 69970.01 – 75.00% 1.25 (used to be 0.75)75.01 – 80.00% 1.25 (used to be 0.75)80.01 – 85.00% 1.50 (used to be 1.00)85.01 – 90.00% 1.50 (used to be 1.00)90.01 – 95.00% 1.75 (used to be 1.50)ExampleSo as an example, if you had a 718 credit score, and had a 10% down payment (which is a 90% Loan-To-Value), you’d pay an extra 1.00% point on your loan. If the base rate was 5% with 0 points, you’d pay 5% with 1 point. An extra 1.00% in points is $1,000 per $100,000 you borrow. On a $400,000 loan amount that is an extra $4,000!If you had a 770 credit score (a high score!), and had a 20% down payment (an 80% Loan-To-Value), you’d still pay an extra 0.25% points on your loan. If the base rate was 5% with 0 points, you’d pay 5% with .25 point. An extra .25% in points is $250 per $100,000 you borrow.You need to have 25% down payment, and over a 740 credit score to avoid any add-ons at all! The moral of the story is that not only are loans continuing to get harder to get due to tightening guidelines, they are also getting more expensive."}