Thank Goodness, I got one at 5.2! Woohoooo!
Heh. My husband and I got our last house, which was in a “transitional” neighborhood, at around that. We had just moved to Atlanta and neither of us had jobs! We used some BS “declared income” category loan to get the mortgage. And guess what? It was through Freddie Mac. Luckily we found work quickly, fixed up the house, sold it and moved to greener pastures. But we were NOT the typical scenario for Fannie and Freddie, evidently (nor were we the target market for the CRA, harumph).