Conventional Loan News Fannie Mae recently announced they are making changes to their Credit Score Eligibility criteria in order to increase homeownership opportunities for underserved borrowers. As a result of this change, Fannie Mae will now allow a credit score average to be used on loans with more than one borrower. In the past, the minimum credit score for all borrowers on a Fannie Mae Conventional loan was 620. While this 620 minimum still applies for loans with one borrower, an average can be used on loans with 2 or more borrowers. Borrowers with scores down to 580 are eligible as long as the average score on the loan is 620 or higher. As an example, if Borrower 1 has a credit score of 619 and Borrower 2 has a credit score of 693, the representative credit score would be 656 and this loan would be eligible. This is GREAT NEWS for Kentucky homebuyers.