Sentences with phrase «tight credit requirements»

With tight credit requirements, decreased construction and issues with changes in the climate that are causing people to move to new areas, there are simply fewer homes available in the traditional markets.

A large number of commercial practitioners continue to see their clients» deals hamstrung by tight credit requirements (albeit less tight than what they previously experienced).

Unfortunately, many would - be buyers are either hampered by today's excessively tight credit requirements or earning too little to qualify.

Only the most qualified applicants are seeing these rates right now due to insanely tight credit requirements.

Getting an FHA refinance mortgage may be easier than qualifying for a conventional mortgage refinance under current tight credit requirements.

This refinance program provides easy qualifying requirements, and quick closing, but changing FHA guidlines reflect tighter credit requirements across the mortgage lending industry.For all streamline refinance transactions with FHA case numbers issued on or after November 17, 2009 changes in FHA's streamline refinance program include:

with falling home values and tighter credit requirements, an FHA home loan can provide the flexibility needed by first time buyers or homeowners with little home equity.

In today's economic climate of tighter credit requirements and increased unemployment rates taking their toll on some Canadians, there's no doubt that many people may not fit into the traditional banks» financing boxes as easily as they may have just a year ago.

Not exact matches

This rolling process of accumulating credits had boxed the exam regulators into a tight corner, meaning they had to balance different levels of difficulty in January and June against the requirement to maintain standards.

The major benefit of applying for an unsecured personal loan with poor credit is the ease of the application process and the lack of collateral requirements; disadvantages include higher interest rates and tighter repayment terms.

FHA loan income requirements remain very forgiving in terms of debt, income, credit and down payment, even if the standards are a bit tighter today.

In these difficult financial times, unable to secure private educational loans due to tighter eligibility requirements, students have opted to take time off, switch to part time, work more, or pay educational costs with credit cards.

Even FHA implemented a minimum credit score requirement, so the trend for tighter underwriting guidelines appears to be in motion.

In other words, under a narrow QM definition, lenders would further restrict home mortgage credit in what is already a tight lending environment because they would be fearful of the severe penalties that would be imposed if they failed to satisfy the ability - to - repay requirement under the more uncertain standards that would apply in the non-QM market.

«The recovery is occurring despite excessively tight credit conditions and higher downpayment requirements, which are negating the impact of record high affordability conditions,» Yun says.

While limited inventory, tight credit and down - payment requirements make it hard for many millennials to achieve the American Dream, soaring rents and the likelihood the Federal Reserve will increase interest rates later this year may drive more of them to explore buying, said Stan Humphries, chief economist at Seattle - based Zillow Group.