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What Consumers (Don’t) Know About Mortgage Qualification Criteria

Jan 6 2016

From overestimating minimum credit scores and down payment amounts to underestimating debt-to-income ratios, only 5 to 16 percent of respondents knew the correct ranges for key mortgage qualification criteria. The good news: Lenders were cited as the most influential source of mortgage advice—highlighting the important role lenders play with prospective homebuyers and supporting the value of ongoing education and outreach.


The post What Consumers (Don’t) Know About Mortgage Qualification Criteria appeared first on Fannie Mae - The Home Story.

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