obtaining credit: Will a Low FICO Score Keep Me From Buying in Lancaster,PA ?
- 01/12/18 07:34 AM
FICO® Scores on Approved Home Loans Drop Again According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance and purchase loans. FHA and VA loans showed the most opportunity for millennials looking to enter the market with low down payments and even lower FICO® Score requirements. Ellie Mae’s Millennial Tracker revealed that those who purchased homes in December with an FHA Loan were able to do so with an average down payment of 4% and a FICO® Score of only … (3 comments)
obtaining credit: Boomerang Buyers are Back in Lancaster Co., PA !
- 08/22/17 06:25 AM
More Boomerang Buyers Are about to Enter the Lancaster Market We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019. Recently, HousingWire analyzed data from the US Bankruptcy Courts and revealed that 6 million Americans will have their bankruptcies disappear off their credit reports over the next five years and that this could “possibly send a flood of more homebuyers into the housing market.” The chart below shows … (9 comments)
obtaining credit: The Credit Pendulum
- 02/10/14 08:22 PM
Is it becoming easier to obtain credit ? If so , what is causing this trend ? Active rain blogger Bob Caldwell clarifies two elements that are causing this change in the credit pendulum . Based on this post this swing in the credit market will fuel an already recovering real estate market. Clearly this is a MUST READ for anyone looking or participating in the Housing Market ! From the Desk of Bob Caldwell The Credit Pendulum To Move Faster? My how time flies. The housing boom America experienced in the past is now almost a decade old. If … (3 comments)
FICO® Scores on Approved Home Loans Drop Again According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance and purchase loans.
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