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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



About Realtor Julie Jalone


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

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2018 Run Rocklin set for April 8th at Johnson-Springview ParkRocklin, CA,- Thousands of runners and walkers will once again be participating in the morning trek through the city streets at the 15th annual Run Rocklin, held Sunday morning,

WJU Athletic Fundraiser at Topgolf in Roseville in AprilRoseville, CA, - The Jessup Athletic Association will host the second annual TopSwing Fundraising event - a fun gathering, providing golf, games

Raley's Food For Families Food Drive Up 29 PercentWEST SACRAMENTO, Calif. - For more than 140,000 families in communities surrounding Raley's stores, this holiday season was a more fulfilling one. This year's annual Raley's Food For Families

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Toyota RAV4 top-selling compact SUVRoseville, CA,- The 2018 Toyota RAV4 has a reputation for solid versatility because it can haul groceries, carry sports equipment, transport four kids to school, and ease into small parking spaces.

Archery Tournament in Rocklin on Feb. 17Rocklin, CA - The California Department of Fish and Wildlife and Placer Valley Tourism are teaming up to host the second-ever land based archery tournament

Online Safety for Your Children: Social Media, Internet, Cell Phone AppsRoseville, CA- Facebook, Twitter, Instagram, Snapchat, Flickr, Vimeo. Is your child engaging in these social media websites?

New Chief Of Pediatric Cardiology at UC Davis Children's Hospital(SACRAMENTO, Calif.) - Frank Ing, an internationally renowned interventional cardiologist, has been named chief of the UC Davis Division of Pediatric Cardiology.


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