New fees and policies penalize responsible homebuyers with good credit.

The Federal Housing Finance Agency has implemented new mortgage fees that will impact the amount homebuyers pay in closing costs and in their monthly mortgage. Buyers with good credit are now paying more for a new house than those with less than stellar credit. The buyers who are taking the biggest hit are the ones with a 720-759 FICO score with a 15-20 percent down payment. However, these changes really help out first-time home buyers because it benefits people who put down only three percent.