Applicable to Fannie Mae and Freddie Mac products, Fixed & ARM: Updates to 500 series for minimum credit score requirement, and maximum LTV. In support of ongoing efforts to expand access to credit and to support sustainable home-ownership, updates include 97% loan-to-value (LTV), combined LTV (CLTV), and home equity CLTV (HCLTV) ratios. Some minimum credit score requirements dropped from as much as 680, down to 620. These changes are not applicable to High Balance and Super Conforming.
