Average homebuyer credit score has dropped

Screen Shot 2015-10-29 at 10.00.49 AMBy Christine DiGangi | Yahoo Finance

Last month, the average homebuyer’s credit score was at its lowest level in at least four years, according to a report from mortgage software company Ellie Mae, which processed 3.7 million loan applications last year. Borrowers whose mortgages closed in September had an average FICO credit score of 723. That’s the lowest the average credit score has been since Ellie Mae started reporting it in August 2011.

Continued:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

PRTA suspends operations

(Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County who have worked to bring new transportation infrastructure to the

Read More »