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North Salem NY Buyers Need High Credit Scores | North Salem NY Homes for Sale

Credit Tight? Fannie and Freddie FICO Scores Are Still High

Freddie Mac

 

Fannie Mae

• Weighted FICO scores among Fannie and Freddie mortgages have risen substantially.

• In 2005, credit scores for Fannie and Freddie mortgages were near 720. In 2009 and 2010, credit scores averaged around 760. Further, nearly three quarters of the single-family business had credit scores above 740 in 2009 and 2010.

• Low credit mortgages, those below 620, dwindled to 1 percent or less in 2009 and 2010.

 

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North Salem Homes for Sale

Robert Paul

Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.

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