credit score for mortgage

credit score for mortgage

Mortgage Rates Crash? 5 Secrets Lenders Won’t Reveal

In 2023, Fannie Mae assigned up to 35% weight to credit scores when pricing mortgages, so lenders first look at that number before anything else. Lenders weigh your credit score, debt-to-income ratio, and other financial signals to set the mortgage rate you’ll pay. Understanding each factor helps you control