The Bains

Effective April 1, Fannie Mae & Freddie Mac will increase “delivery” fees they charge lenders based
on FICO scores, down payment amounts & other loan characteristics.
Even applicants with acceptable FICO credit scores will be charged more unless they can come up
with a down payment of 30% or more.
For example, a buyer with a 699 FICO score with a 25% down will be charged 1.5% delivery fee
at closing & even a 739 FICO score will pay a 1/4% add-on.