"Fannie Mae announced that beginning November 16, 2025, Desktop Underwriter® (DU) will no longer require a minimum credit score for loan eligibility. Instead of relying on the traditional 620-minimum rule, DU will evaluate homebuyers using a holistic, risk-based assessment.
"This shift impacts first-time homebuyers, credit-invisible buyers, and realtors helping clients navigate mortgage requirements. And yes, it could open the doors to homeownership for thousands of people who previously couldn’t qualify."
I am sure there are perfectly good credit risks who have never held a credit card. I am pretty sure that they are outnumbered by people who pay cash for everything because their customers pay entirely in cash.
Remember "stated income loans"? People who could not provide any evidence of their income. "Trust Me."
This will work so well.
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