Rants and Gems #150 Fannie Mae Removes Min Credit Score!
Rants & Gems Real Estate Podcast
EYL Network
4.9 • 1.3K Ratings
🗓️ 7 November 2025
⏱️ 103 minutes
🧾️ Download transcript
Summary
Big news in the real estate and mortgage world: Fannie Mae just dropped the minimum 620 credit-score requirement for loans submitted through its Desktop Underwriter® (DU®) system, effective for new case files created on or after November 16, 2025.
This move opens the door for borrowers with thinner credit histories and shifts the focus from a hard number to DU’s overall risk-assessment model. Lenders still must pull credit scores for every borrower, but from now on DU will use a composite approach rather than a fixed minimum.
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Transcript
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| 0:00.0 | How's the business going? |
| 0:01.1 | We're busier than ever, but struggling to get the staff we need. Recruiting can be such a distraction. We gave Job Centre Plus a try, and they've really helped us out. Really? Yeah. It was dead easy. We got our own employer advisor, Julie, who helped advertise our jobs, shortlisted candidates for us and letters interview at the Job Centre. We've hired some great people, and Job Centre Plus really took the hassle out of it, And there was no fee. |
| 0:22.7 | Brilliant. That's straight on my to-do list. you at the job center. We've hired some great people and Job Center Plus really took the hassle |
| 0:21.1 | out of it and there was no fee. Brilliant. That's straight on my to-do list. Find out more at |
| 0:25.9 | business.gov.com.uk slash recruit. Eligibility criteria apply. Bannie Mae removes minimum credit |
| 0:33.2 | scores, y'all. Welcome back to the channel. things about to get a little bit interesting in the |
| 0:38.8 | mortgage market uh we're going to talk about all of that today uh but if you're new here make |
| 0:43.3 | sure you like comment share subscribe uh my name is matt garland and i'm a less number 5 870000 |
| 0:49.4 | but i'm better known as m g the mortgage guy Mortgage Guy. We are alive. We are blessed. |
| 0:55.6 | Thank God for another day. Happy Friday, November 7th. |
| 1:01.5 | Thank God is Friday, y'all. Thank God is Friday. So look, we got a lot. |
| 1:06.0 | Damn. |
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| 1:19.6 | If you're looking to purchase real estate in 2026, |
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| 1:39.0 | All right. Oh, and make sure you guys go to wherever you listen to podcasts, download Rants and Jims, leave a five-star review if you are able to leave a review. |
| 1:54.4 | So today we're going to talk a little bit. |
| 1:56.4 | We got action pack, right? |
| 1:58.0 | We're going to talk about Fannie Mae removing the minimum credit score. I'm going to bring on a special guest in about 30, 45 minutes. We're going to talk about fannie may uh removing the minimum credit score |
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