Great credit and money is now going to penalize for getting a mortgage

Didier Malagies • April 24, 2023

New legislation being passed on May 1st for getting a mortgage will

1. Credit score from 680 to 780 will be penalized for having good credit

2. Putting more money down like 15 to 20% will be penalized via higher rates and more fees.

So having excellent credit and putting more money down will hurt you and not help you when it comes to getting a great rate.

tune in and learn more at https://www.ddamortgage.com/blog

Didier Malagies nmls#212566

DDA Mortgage nmls#324329

Ask a Mortgage Question

Use the form below and we will give your our expert answers!

203H Ask A Question

Start Your Loan with DDA today
Your local Mortgage Broker

Apply for a Loan

Mortgage Broker Largo
See our Reviews

See All Google Reviews

Looking for more details? Listen to our extended podcast!

< Older Post

Newer Post >

Check out our other helpful videos to learn more about credit and residential mortgages.

UAD 3.6 Changes: Residential Appraisal Impact

By DDA Mortage • August 27, 2026

Learn how UAD 3.6 is transforming residential appraisals, increasing data requirements, and potentially impacting timelines for your mortgage.

Turning 65? Reverse Mortgage for Retirement Planning

By DDA Mortage • August 24, 2026

Approaching 65? Discover how a Reverse Mortgage can provide financial flexibility, supplement income, and combat rising costs. Learn more with DDA Mortgage.

Consolidate Debt with a Second Mortgage | DDA Mortgage

By DDA Mortage • August 17, 2026

Discover how consolidating high-interest debt into a second mortgage can lower your monthly payments and simplify your finances. Learn more with DDA Mortgage.