Yellow Pages |   News Updates |   Events Calendar |   Movie Times | Recycling
Rocklin & Roseville Today Local Events
HOME

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

Now on FB, thanks for the love!



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

Roseville & Rocklin: Top 10 Free Things To DoRoseville, CA- Having a great time can get expensive. It doesn't always have to be. If you're looking to cut back or have a growing family, it's time to get a little creative

Former NFL QB Jeff Kemp to Speak at Catta VerderaFormer NFL quarterback Jeff Kemp will be guest speaker Thursday, Sept. 8 at Catta Verdera Country Club in Lincoln.

California Fires Update Summary (8.27.16)Over 12,300 firefighters are battling 10 large wildfires in California. Despite mild temperatures yesterday, dry and gusty conditions

Music: 10 Great Albums Worth a ListenRoseville, CA- Music tastes are as subjective as it gets, but few things are as fun as music opinions.

California's Return-to-Prison Rate FallsThe rate at which people return to prison has consistently trended downward since fiscal year 2005-2006 when the rate was 67.5 percent.

Rocklin Flash Crime Report (8.26.16)Rocklin, CA- Police activity digest update in Rocklin for the period covering August 15- 21, 2016.

Food Truck Cinema Sept. 16 at Woodcreek Golf ClubRoseville, CA- Woodcreek Golf Club in Roseville will host its inaugural Food Truck Cinema on Friday, Sept. 16 at its driving range.

Sutter Roseville Medical Center Foundation Benefit Golf TournamentRoseville, Calif. - On Sept. 9, Sutter Roseville Medical Center Foundation will host its 30th Annual Benefit Golf Tournament and Dinner

Hope for Less Invasive Tests for Bacterial Infections in Babies(SACRAMENTO, Calif.) - Physicians from Children's Hospital of Michigan, UC Davis Medical Center and Nationwide Children's Hospital, in collaboration with 19 other pediatric emergency departments

Legislature Votes to Extend Emergency Tax ReliefSacramento - Legislation sponsored by Board of Equalization Member George Runner and fellow BOE members cleared the Legislature yesterday when the State Assembly

WJU School Year Begins Amidst Continued GrowthROCKLIN, Calif. - William Jessup University began its 2016-17 academic year August 22 with the largest enrollment in the university's 77-year history.

Molly Ringwald at Rocklin's Quarry Park September 17thRocklin, Calif. - Golden Globe nominated actress and jazz musician Molly Ringwald descends into Rocklin's Quarry Park Amphitheater on Saturday, September 17


NEWS: In Case You Missed It