Fannie Mae updated Lender Letter LL-2021-10 to remove the minimum representative credit score requirement for a RefiNow Mortgage. Per the updated Lender Letter, Fannie Mae no longer requires a borrower to have a minimum representative credit score requirement of 620 to qualify for a RefiNow Mortgage. However, the borrower is required to have a credit score and the credit score must be provided at loan delivery. The updated Lender Letter is effective immediately.
Click to view the Fannie Mae Lender Letter LL-2021-10: https://www.tenaco.com/wp-content/uploads/2022/04/Fannie-Mae-Update-to-Lender-Letter-LL-2021-10-04-06-22.pdf
