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What Was Required to Get a Mortgage in 2012? ~ InfoGraph.

By David Popoff

Real Estate Broker/Owner with DMK Real Estate Ct RE Broker 0789963

January 21, 2013 07:21 PM

What Was Required to Get a Mortgage in 2012? ~Infograph.

Ellie Mae tells it all on what it took to get a mortgage in 2012 in this easy to read InfoGraph.

Ellie Mae is a leading provider of on demand automated solutions for the residential mortgage industry and the report draws data from a significant volume of loan applications, more than 20% of all originations in the United States. To read more the 2012 Origination Insight Report and Year End 2012 averages click here to go to the Press Release from January 16^th, 2012.

David Popoff is a certified “Green” Realtor in lower Fairfield County, Connecticut.

cell 203-228-0646

email DavidPopoffCT@hotmail.com

DMK Property Management llc is locally owned company serving lower Fairfield County, Connecticut.

Specializing in Residential Property Management that can custom tailor a program to fit the homeowners needs be it short term or long term from rental management to full estate management.

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Conrad Allen

Re/Max Professional Associates - Webster, MA

Webster, Ma, Realtor

Hi David. I"ll bet their delinquency ratio has got to be low with those qualifications needed.

Jan 21, 2013 07:23 PM

Wallace S. Gibson, CPM

Gibson Management Group, Ltd. - Charlottesville, VA

LandlordWhisperer

My sister is in contract to purchase a house and is asking for 65% financing with a HUGE downpayment....she is still having to jump through hoops to qualify - more so than she did 20 years ago

Jan 21, 2013 07:24 PM

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks for sharing the interesting information. I am surprised to read that average down payment was 21%.

Jan 21, 2013 08:12 PM

David Popoff

DMK Real Estate - Darien, CT

Realtor®,SRS, Green ~ Fairfield County, Ct

I think the statistic of 62% refinancing vs 38% purchase is telling of the times.

Jan 21, 2013 09:35 PM

Roy Kelley

Retired - Gaithersburg, MD

Good information for prospective home buyers. I hope you are having a most productive week.

Jan 21, 2013 10:49 PM

Ed Silva, 203-206-0754

Mapleridge Realty, CT 203-206-0754 - Waterbury, CT

Central CT Real Estate Broker Serving all equally

David, hopefully the rates will stay attractive for buyers in 2013 as well. The criteria for mortgage approval is certainly tighter

Jan 22, 2013 02:47 AM

What Was Required to Get a Mortgage in 2012? ~ InfoGraph.

Comments(6)

Good information for prospective home buyers. I hope you are having a most productive week.

David Popoff

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