In April 2023, numerous articles and social media posts claimed U.S. President Joe Biden was changing how much money homebuyers will pay when they're closing on a property based on their credit scores.
"The Biden administration raises mortgage payments for good credit & higher down payment homebuyers starting May 1st, in order to foot the bill for high-risk mortgage borrowers with lower credit scores & lower down payments," claimed one tweet.
Is that an accurate appraisal? Snopes' Damakant Jayshi reports. |
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