COMMITMENT TO OPENNESS

Last updated: June 16, 2025, 14:55  |  Written by: Charlie Shrem

Commitment To Openness
Commitment To Openness

Us President Joe Biden Is

US President Joe Biden is set to implement a new federal rule to increase payments to homebuyers with good credit. Moreover, the federal decision to incur higher fees

A new federal rule could raise the monthly mortgage payments of buyers with good credit scores by over $60 a month, while riskier borrowers will get more favorable

A Biden administration rule is set to take effect that will force good-credit home buyers to pay more for their mortgages to subsidize loans to higher-risk borrowers.

A New Biden Administration Rule

Biden admin rule will hike rates on homebuyers with good credit

A new Biden administration rule set to go in effect May 1 will force good-credit home buyers to pay more for their mortgages to subsidize loans to higher-risk borrowers.

The recent changes narrowed some of the difference in the fees between those with bad and good credit scores (with a decrease for those with bad credit and an increase for those with

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Biden Set to Increase Payments for Homebuyers with Good Credit

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Experts Predict That Under The

Experts predict that under the new rules from the Federal Housing Finance Agency, borrowers with a credit score of about 680 would pay around $40 more per month on

The Biden administration will soon implement a rule requiring homebuyers with good credit to pay higher mortgage rates in order to subsidize those with poor credit.

Biden proposes relief for homebuyers. Here's what to

For Example

Biden Raises Costs for Homebuyers With Good Credit to Help

Biden rule will redistribute high-risk loan costs to homeowners

For example, beginning May 1, a buyer with a good credit score of 750 who puts down 25% on a $400,000 home would now pay 0.375% in fees on a 30-year loan, or

Charlie Shrem can be reached at [email protected].

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