(Fannie Mae PMI Changes) On the Private Mortgage Insurance Front (PMI) front, (when you put less than 20% down) Some Companies are getting very aggressive with one company saying as of July 1st they are doing a 620 FICO. Is this subprime? Heck no. Going below 660 on Conventional those files will be highly scrutinized. Call me for options and we can get you a lower payment.