Big news in real estate financing: Fannie Mae has officially removed the minimum credit score requirement for many of its popular loan programs. This is a major breakthrough for buyers who may have strong income and stable financial history but have been held back by a traditional credit score barrier.
At Luxury Property Solutions, LLC, we help buyers take advantage of these new opportunities. If you’re thinking about purchasing real estate — especially if you’re relocating or investing — Florida is the place to be. From Miami to Palm Beach to Orlando and Tampa, we can find you the right property and the right financing path.
👉 Start your Florida property search here:
https://lpslama.com/realestate/
With Fannie Mae’s updated guidelines, more people can qualify, more deals are possible, and more Floridians can get into homes with flexible financing options.
✅ Which Loans Fall Under Fannie Mae (Conventional Financing)
Fannie Mae backs Conventional Conforming Loans, which are offered by approved lenders. These loans include:
1. Standard Conventional 30-Year & 15-Year Fixed
Most common home purchase loan in America
Now available without a minimum credit score (subject to lender overlays)
2. HomeReady Loan
Designed for low to moderate income buyers
As low as 3% down
Flexible on credit and income sources
3. Standard 5%, 10%, 20% Down Conventional Loans
Used by buyers with stronger down payments
Private Mortgage Insurance (PMI) when under 20%
4. Refinance Loans
Rate & Term Refinance
Cash-Out Refinance
✅ Typical Loan Limits (2025 Conforming Limits)
Fannie Mae loans follow the Conforming Loan Limits, which vary by county.
📌 Standard Conforming Loan Limit (2025)
$750,000 (baseline loan limit)
📌 High-Cost Area Loan Limits (Certain FL areas qualify)
Up to $1,125,000 (varies by county)
Florida counties that often have higher limits:
Miami-Dade
Broward
Palm Beach
Monroe (Florida Keys)
✅ Minimum & Maximum Rules (General Overview)
| Loan Type | Min Loan | Max Loan | Notes |
|---|---|---|---|
| Conventional (Fannie Mae) | ~$50,000 | $750,000 (standard) | No minimum credit score required by FNMA — lender still evaluates risk |
| Conventional High-Balance | ~$75,000 | $1,125,000 (county dependent) | Higher debt-to-income limits allowed |
| HomeReady | ~$50,000 | $750,000 | 3% down; income caps apply |
| Investment Properties (Conventional) | ~$50,000 | $750,000+ | Higher reserve requirements |
✅ What Lenders Work With Fannie Mae?
Most major mortgage lenders in the United States are Fannie Mae–approved sellers and servicers.
Top Lenders That Commonly Work With Fannie Mae
These lenders offer FNMA-approved conventional loans:
Rocket Mortgage
United Wholesale Mortgage (UWM)
Homepoint
Fairway Independent Mortgage
Guaranteed Rate
LoanDepot
Caliber Home Loans
Chase
Bank of America
Wells Fargo
Guild Mortgage
CrossCountry Mortgage
Movement Mortgage
PrimeLending
Many Florida-based lenders also participate and may offer more flexible credit options.