Home Buying Trends Lending & Borrowing The Latest

It’s easier to get a mortgage in 2018, according to a new study

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Written by Christopher Cox

From the Washington Post

Looser mortgage qualifying guidelines by Fannie Mae and Freddie Mac over the past few years are beginning to have an impact on mortgage loan applications this year. An analysis published this month by CoreLogic of conventional conforming loans (loans that can be sold to Fannie Mae and Freddie Mac and fit within the loan limits in each location, which is $453,100 nationally and higher in high-cost markets, such as $679,650 in the Washington metro area) for home purchases found that more loans are being approved for slightly riskier borrowers. However, unlike in the early 2000s, today’s borrowers must provide full documentation of their income and ability to repay the loan. ……continue

About the author

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Christopher Cox

Christopher G. Cox has over 20 years of experience in the real estate and finance industries. He has understands the complexities and diversity of the real estate market, and he has a passion of helping people realize the American Dream.