Tunnell & Raysor, P.A.

TF 800-541-5443
PH 302-396-9645

Trust Us To Be Your Voice | Se Habla EspaƱol

August 2017 Archives

Bill would allow use of alternative credit scores for mortgages

Although the change is unlikely to be immediate, in the years ahead, Delaware residents who are seeking a home mortgage may be able to do so with lenders who use alternatives to FICO in determining credit scores. The bill is cosponsored by a Republican and Democratic senator and would require Freddie Mac and Fannie Mae to consider such alternative credit scores as FICO ScoreXD or the VantageScore.