Sentences with phrase «conventional home loans fell»
The mortgage loan data make clear why many fewer mortgages are originated now compared with 2004: Applications for conventional home loans fell 58 %, from 6.4 million in 2004 to 2.7 million in 2015.
http://www.pewsocialtrends.org/
Focusing only on conventional home purchase loans for owner - occupied, one - to four - family dwellings (excluding manufactured homes), originations for conventional home loans fell 54 %, from 4.1 million in 2004 to 1.9 million in 2015.10
Not exact matches
You don't need the very best credit score to buy a home, but you will probably need a score that falls into the good to excellent range if you want a conventional loan and an attractive interest rate.
Since home prices went down the conventional loan limit should also have fallen.
OFHEO is now wondering how to deal with the conventional loan limit when home prices fall — as they did in 2006.
Default rates for higher priced homes during normal economic conditions are actually lower than the average default rate for homes that fall within the conventional loan amounts.
a home loan extended to borrowers with poor credit history or that fall outside the conventional or conforming loan limits set by Fannie Mae and Freddie Mac.