The average successful applicant for a conventional home purchase mortgage in February had a FICO score of 764, well above what was once the norm, and a down payment of 22%.WASHINGTON — How do you stack up as a potential mortgage candidate in this year's increasingly tough underwriting environment? Do you have the right stuff — credit score, debt-to-income ratio, equity or down payment — to get you through the minefield?

Topics:  february   fico    how   mortgage   payment   score   
BING NEWS:
  • Mortgage rates end 2024 on a high note – unfortunately for the housing market
    In the week ending Dec. 26, the 30-year fixed-rate mortgage averaged 6.85%, mortgage guarantor Freddie Mac said Thursday. The popular loan product averaged 6.72% throughout the year, compared to 6.81% ...
    12/26/2024 - 3:44 am | View Link
  • Analysts are revising their mortgage rate forecasts for 2025, and it paints a tougher picture for homebuyers
    Mortgage rates were supposed to drop a lot in 2025. Now, that's looking less likely as investors expect higher inflation and a larger deficit.
    12/12/2024 - 6:56 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News