Desacreditando algunos mitos sobre la disponibilidad de las hipotecas
Parece que hay un abismo creciente entre lo que el público cree que es necesario y lo que realmente se necesita para calificar para un préstamo hipotecario residencial.
A recent survey by Ipsos reported that:
- Two-thirds of those surveyed believe they need a very good credit score to buy a home, with 45 percent thinking a “good credit score” is over 780.
- Consumers overestimate the down payment funds needed to qualify for a home loan, with 36 percent thinking a 20 percent down payment is always required.
However, according to American Enterprise Institute’s International Center on Housing Risk’s May First-Time Buyer Mortgage Risk Index (FBMRI), reality is far from perception. The report reveals:
- 70% of first-time buyer mortgages had a combined loan-to-value ratio of 95% or higher
- About 20% of first-time buyers taking out mortgages had a FICO score below 660
- 25% had total debt-to-income ratios above 43 percent
- The median first-time buyer with an agency mortgage made a down payment of only 3 percent, or $7200 in dollar terms.
- The median FICO score for first-time buyers with agency mortgages was 705
- For first-time buyers with FHA-insured loans, the median FICO score was only 672
These numbers contradict the frequent claims that first-time buyers face difficulties in obtaining mortgages.
Bottom Line
Stephen Oliner, co-director of AEI’s International Center on Housing Risk explained the reality of the situation.
“One hears all the time that first-time buyers have limited access to mortgage debt. But this isn’t true. Many first-time buyers with low FICO scores and little money down are buying homes every month.”
| Miembros: ¡regístrese ahora y configure su Post Personalizado & empiece a compartirlo hoy!
¿No es un miembro aun? Haga un clic aquí para aprender más acerca de la nueva función de KCM, Post Personalizados. |
|
