What Are the Requirements of a Fannie Mae or Freddie Mac Loan?
Updated 12 days ago (March 6, 2026)
Fannie Mae and Freddie Mac loans combine features of government-backed loans with those of conventional loans obtained from commercial lenders.
These loans impose several requirements on potential borrowers:
To obtain a Fannie Mae or Freddie Mac loan, you must apply through a commercial lender approved by Fannie Mae or Freddie Mac.
The loan must be a conforming loan, not a jumbo loan. Conforming loans also limit the debt-to-income ratio (DTI) you can have. These loans have minimum credit score requirements, typically mandating a minimum credit score of 620.
Approved lenders also may impose additional requirements, so interested borrowers should check first with lenders about the availability and requirements to qualify for a Fannie Mae or Freddie Mac loan.
Tellus TIP:
Fannie Mae and Freddie Mac loans are popular among homebuyers. If you think you may qualify, you should apply through an approved lender!
Financial Disclaimer: Tellus provides this content for informational purposes only. This is not financial advice. Financial returns and mortgage terms vary based on individual circumstances and market conditions. Consult a qualified financial advisor before making financial or borrowing decisions.