940 - Will Investors With High Credit Scores Pay More Now? What The New Mortgage Rules Actually Mean by Andrew Syrios
BiggerPockets Daily
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Biden to Hike Fees for Good Credit Home Buyers
The fee being discussed here is called the Loan Level Price Adjustment or LLPA, which predominantly takes into account the borrower's FICO score and the LTV of the mortgage. Buyers with riskier credit ratings and lower down payments will get lower rates in fees. This would only affect Fannie Mae and Freddie Mac Lones. It wouldn't affect FHA and VA loans nor the non-conforming loans that a lot of investors get.
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