PropertyProf Blog

Editor: Stephen Clowney
Univ. of Arkansas, Fayetteville

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Friday, April 20, 2012

Qualifying for a Mortgage Gets Tough

The LA Times reports that "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%."

Full details here.

 

Steve Clowney

http://lawprofessors.typepad.com/property/2012/04/qualifying-for-a-mortgage-gets-tough.html

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