The Los Angeles Times reports that many potential home buyers think they need near-perfect credit scores to get a home loan. But, as lenders loosen underwriting standards, it’s easier to get a home loan than you believe.
Read the Los Angeles Times article: Mortgages may be easier to get than potential home buyers believe.
Are you on the home-buying sidelines this spring because you think you won’t be able to qualify for a mortgage? Do you know what sort of FICO credit scores are being accepted by lenders at the moment — they’re lower than they were a year ago — and whether yours could now be good enough?
You may be part of the surprisingly large crowd of folks who fear the home-loan unknown. A new national consumer survey found that 56% of potential purchasers of homes say they’re out of the market because they don’t want to face the possibility of rejection by lenders. Even 30% of current homeowners believe that they wouldn’t pass muster today.
Pre-Qualify for a Home Loan
If you are thinking about buying a home, you can pre-qualify for a home loan in just a few minutes.
Just call us at (866) 910-8020, or send us an email. We will review your finances, and you can pre-qualify in minutes.