[:en]What Do You Actually Need to Get a Mortgage?[:es]¿Qué necesita realmente para obtener una hipoteca? [:]

What Do You Actually Need to Get a Mortgage? | Simplifying The Market
[:en]Fannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Here are three takeaways:

  • 59% of Americans either don’t know (54%) or are misinformed (5%) about what FICO score is necessary
  • 86% of Americans either don’t know (59%) or are misinformed (25%) about what an appropriate Back End Debt-to-Income (DTI) ratios is
  • 76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down payment required

To help correct these misunderstandings, let’s take a look at the latest Ellie Mae Origination Insight Report, which focuses on recently closed (approved) loans.

FICO SCORES

Average FICO Scores | Simplifying The Market

BACK END DTI

Average Back End Debt DTI | Simplifying The Market

DOWN PAYMENTS

Average Down Payment | Simplifying The Market

Bottom Line

Whether buying your first home or moving up to your dream home, knowing your options will definitely make the mortgage process easier. Your dream home may already be within your reach.[:es]Fannie Mae recientemente publicó su estudio “What do consumers know about the Mortgage Qualification Criteria?” (¿Qué saben los consumidores acerca de los criterios de calificación para una hipoteca?) El estudio reveló que los estadounidenses están mal informados sobre en cuanto a lo que se requiere para calificar por una hipoteca al comprar una casa. El estudio reveló que:

  • 59 % de los estadounidenses no saben (54 %) o están mal informados (5 %) sobre la puntuación FICO que es necesaria.
  • 86 % de los estadounidenses no saben (59 %) o están mal informados (25 %) sobre cuál es la proporción adecuada de la deuda total mensual al ingreso bruto mensual
  • 76 % de los estadounidenses no saben (40 %) o están mal informados (36 %) sobre la cuota inicial minina requerida

Para ayudar a corregir estos malentendidos, a continuación, están los números reales como informo Ellie Mae es su último reporte Origination Insight Report.

Puntaje FICO

Promedio del Puntaje FICO | Simplifying The Market

Deuda total mensual al ingreso bruto

Promedio de la deuda | Simplifying The Market

Cuota inicial

Promedio de la cuota inicial | Simplifying The Market

En conclusión

Al comprar su primera casa o al mudarse a la casa de sus sueños, conocer sus opciones definitivamente facilitara el proceso de una hipoteca. La casa de sus sueños puede ya estar a su alcance[:]

[:en]What Do You Actually Need to Get a Mortgage?[:es]¿Qué necesita realmente para obtener una hipoteca? [:]

What Do You Actually Need to Get a Mortgage? | Simplifying The Market

[:en]Fannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Here are three takeaways: 59% of Americans either don’t know (54%) or are misinformed (5%) about what FICO score is ...

Continue Reading

[:en]What Do You Actually Need to Get a Mortgage?[:es]¿Qué necesita realmente para obtener una hipoteca? [:]

What Do You Actually Need to Get a Mortgage? | Simplifying The Market

[:en]Fannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Here are three takeaways:

  • 59% of Americans either don’t know (54%) or are misinformed (5%) about what FICO score is necessary
  • 86% of Americans either don’t know (59%) or are misinformed (25%) about what an appropriate Back End Debt-to-Income (DTI) ratios is
  • 76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down payment required

To help correct these misunderstandings, let’s take a look at the latest Ellie Mae Origination Insight Report, which focuses on recently closed (approved) loans.

FICO SCORES

Average FICO Scores | Simplifying The Market

BACK END DTI

Average Back End Debt DTI | Simplifying The Market

DOWN PAYMENTS

Average Down Payment | Simplifying The Market

Bottom Line

Whether buying your first home or moving up to your dream home, knowing your options will definitely make the mortgage process easier. Your dream home may already be within your reach.[:es]Fannie Mae recientemente publicó su estudio “What do consumers know about the Mortgage Qualification Criteria?” (¿Qué saben los consumidores acerca de los criterios de calificación para una hipoteca?) El estudio reveló que los estadounidenses están mal informados sobre en cuanto a lo que se requiere para calificar por una hipoteca al comprar una casa. El estudio reveló que:

  • 59 % de los estadounidenses no saben (54 %) o están mal informados (5 %) sobre la puntuación FICO que es necesaria.
  • 86 % de los estadounidenses no saben (59 %) o están mal informados (25 %) sobre cuál es la proporción adecuada de la deuda total mensual al ingreso bruto mensual
  • 76 % de los estadounidenses no saben (40 %) o están mal informados (36 %) sobre la cuota inicial minina requerida

Para ayudar a corregir estos malentendidos, a continuación, están los números reales como informo Ellie Mae es su último reporte Origination Insight Report.

Puntaje FICO

Promedio del Puntaje FICO | Simplifying The Market

Deuda total mensual al ingreso bruto

Promedio de la deuda | Simplifying The Market

Cuota inicial

Promedio de la cuota inicial | Simplifying The Market

En conclusión

Al comprar su primera casa o al mudarse a la casa de sus sueños, conocer sus opciones definitivamente facilitara el proceso de una hipoteca. La casa de sus sueños puede ya estar a su alcance[:]

[:en]What Do You Actually Need to Get a Mortgage?[:es]¿Qué necesita realmente para obtener una hipoteca? [:]

What Do You Actually Need to Get a Mortgage? | Simplifying The Market

[:en]Fannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Here are three takeaways: 59% of Americans either don’t know (54%) or are misinformed (5%) about what FICO score is ...

Continue Reading
Copy Preview Copy Full Post
Copied! Go to your email or CRM and paste it.
Unable to Copy to Clipboard
Copy & Paste

You can easily email your Blog Posts in your current email platform or CRM by using the copy options here! After selecting Copy, you can then open an email in your email platform or CRM and Paste. You can select Copy Preview to include an intro to your blog post, with a link to Continue Reading on your Personalized Homepage, or Copy Full Post to copy the entire blog post. You can learn more about this feature by click here.

'


The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.