Sentences with phrase «qualified borrowers falls»
But the dull reality is that as rates rise — even a little — the number of qualified borrowers falls.
http://www.fhaloanpros.com/ Not exact matches
This means borrowers who fall well below that range could have trouble qualifying for a home loan in 2015.
The government has made changes to its Home Affordable Modification Program (HAMP) allowing periods of temporary forbearance and / or modification of mortgage terms for unemployed homeowners; the Department of Housing and Urban Development has also proposed a TARP - funded program to help underwater conventional borrowers qualify for FHA refinance mortgages starting in the fall of 2010.
Borrowers who fall short in these areas may not be able to qualify for a home loan.
While Avant lists that the majority of its applicants fall into the 600 — 700 credit score range, LendingPoint advertises that it focuses on lending to «near prime» borrowers who may sit on the edge of qualifying.