Sentences with phrase «reasonably qualified borrowers»

When there were no more reasonably qualified borrowers left, the industry created alternative mortgage products to serve the unqualified borrowers.

Underserved, in this context, refers to reasonably qualified borrowers who find it hard to get a mortgage loan.

So a reasonably qualified borrower should be able to find a willing lender.

So a reasonably qualified borrower should be able to find a willing lender.

Here's a snapshot of a reasonably qualified borrower based on current mortgage - qualification standards and trends:

So a reasonably qualified borrower should be able to find a willing lender.

Not exact matches

The bottom line: Reasonably well - qualified borrowers should be able to secure financing in 2016, and it might even be easier on the conventional side.

You can have higher loan limits but to be attractive they need to be reasonably available to qualified borrowers and high - cost loans also need to be sanely priced.

For instance, in qualifying an applicant for an FHA mortgage on a duplex, the lender may not use the rental rate the borrower intends to charge, but instead, the amount of rent is can reasonably fetch according to an FHA approved appraiser's comparison of similar rentals in the area.

Some lenders allow higher DTI ratios for borrowers they feel are reasonably well - qualified.