Sentences with phrase «tightened credit guidelines»

These programs are no longer available for conventional Fannie Mae, Freddie Mac, FHA, or VA loans; as these agencies tightened credit guidelines in reaction to the housing crisis.

Not exact matches

More importantly, with the recent tightening of credit, some borrowers may not even qualify under conventional lending guidelines.

FHA approved lenders have tightened some of their guidelines, too, so that home buyers and borrowers who want to refinance with an FHA loan now must have a credit score of 620 or 640 or above for most lenders, a debt - to - income ratio of no more than 43 percent and sometimes less, and documented income and assets.

With the national credit crunch and tightening of lending guidelines, it has become a priority for most San Diego homeowners to lock into a secure mortgage with a guaranteed fixed interest rate.

Second mortgage applications declined again as the credit crunch has tighten underwriting guidelines for home equity loan programs.

But its success has been limited, largely because conforming mortgage lenders have tightened underwriting guidelines, people troubled by the economy have lower credit scores, and the cost of refinancing has increased considerably.