It’s getting a bit easier to qualify for a mortgage right now.
The Mortgage Credit Availability Index is rising, meaning more people are able to secure financing for a home loan – even with lower credit scores or smaller down payments. In fact, it’s easier to get a loan now than it’s been in almost three years.
But we’re still well below where qualification levels were just a few years ago, so it’s not too easy. And because lending standards are still solidly in check, there’s no sign this will lead to risky loans or another crash.
Lenders are trying to boost activity in the housing market, and that gives you an opportunity. You may qualify today, even if you didn’t a few months ago. Talk to a lender to see what’s possible.
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The Truth About Where Home Prices Are Heading
