Yellow Pages |   News Updates |   Local Jobs |   Events Calendar |   Movie Times | Recycling
Rocklin and Roseville Today Local Events
contact add event advertise 

Lender Credit Requirements



If you have been reading my weekly local real estate column or my daily blog, "Keep it Real in Sacramento," you know I have been complaining lenders and saying until they relax the incredibly high standards they have set, we will not see a full housing recovery.

A recent report by Moody's promises improvements this year but makes a point, lending will remain tight by historical standards.

Restrictive underwriting conditions have been one of the main obstacles in the housing recovery.  But the credit agency says that those conditions started to ease this year and likely will continue.

One of the driving elements of easing underwriting conditions is the rising home prices which give lenders more comfort in the value of their collateral.  In addition we are seeing mortgage delinquencies decline.

The Moody's report goes on to say, "Being right-side up on the mortgage improves a borrower's credit profile. It also lowers the risk of default and increases the likelihood of trade-up buying."

If lenders work as hard to make loans as the did to decline them over the past few years, combined with low interest rates and rising prices, more families will be able to qualify for a mortgage.  "Greater credit availability will help drive stronger home sales and stronger price appreciation and help keep the housing market and the larger economy on an upward path."

If you or someone you know is considering buying a home, a key element is the process is getting pre-qualified for a mortgage.  Knowing you are qualified and understanding your price range will improve your house hunting experience as well as buying the home.  If you have questions or need a referral to a good lender, give me a call at the MagnumOne Realty office in Roseville (916-899-6571) or send me an email to juliej@jalone.com





Julie Jalone, wife and mother living in Rocklin, is an experienced professional Realtor ® serving
the Greater Sacramento area including Placer, El Dorado, Yolo and Yuba counties.

Julie may be reached online at www.jalone.com or by calling (916) 276-6883
Check out her daily web blog: Keep it Real in Sacramento

Placer County News Headlines

Rocklin Crime Report Digest Update (3-3-15)Rocklin weekly crime report update for the period of February 23,2015 to March 1, 2015.

STEM Expo in Rocklin at WJU March 7thWilliam Jessup University will host Placer County's Fifth Annual STEM Expo on Saturday, March 7, 2015.

Shouldn't California Have the Best Roads By Now?If high taxes guaranteed results, then California should have some of the best roads in the nation.

Roseville Gas Prices Skyrocketing: Find the Lowest PricesRoseville gas prices are skyrocketing with average retail gasoline prices up approximately 40 cents this week alone.

Run 4 Roseville April 26th on Maidu ParkRun 4 Roseville will take places on Sunday, April 26th 8:30am at Maidu Community Park in Roseville.

Rocklin Hit By Overnight Crime SpreeRocklin Police Department responded to several reports of vandalisms, burglaries, and stolen vehicles and 15 reported vandalisms.

Mark Randall on Making Products Customers LoveIn Rocklin March 11th, Sierra College and Hacker Lab Present Mark Randall Speaking on "Making Products Customers Love"

50 Days of the Dead: Brokedown PalaceDecember 12, 1971 version of the Grateful Dead doing Brokedown Palace at Hill Auditorium in Ann Arbor Michigan

Reliability remains Honda Accord calling cardHonda has historically produced a great vehicle in the Accord, which has been at or near the top of midsize class for many years.

Bullers Went from Journalist to AdvocateLast week, I featured long-time journalist and disability advocate Finn Bullers of Kansas City, Kansas. I'm now featuring him again because of the breadth and depth of his accomplishments

50 Days of the Dead: Playing In The BandAn extended, psychedelic version of Playing In The Band from the show that would be filmed and released as Sunshine Daydream.

Roseville Proposes 16.5 Percent Rate Hike for WaterThe City of Roseville is holding two community meetings in March to update customers about proposed water and wastewater utility rate increases.


NEWS: In Case You Missed It