Yellow Pages |   News Updates |   Events Calendar |   Movie Times | Recycling  |   Document Shredding
Rocklin & Roseville Today Events
Travel, Business and Entertainment Marketing
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



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

Monophonics Sure is Funky at TerrapinSan Rafael,CA- As the mercury pushed into the 70's this past Friday, music fans began slowly dancing their way toward Terrapin Crossroads in San Rafael.

Storms Bring Good News for Water SupplyAUBURN, Calif. - Despite a dry start to 2018, storms in late March and early April have produced above-average precipitation in the watersheds that source Placer County Water Agency's

PCF Awards $18,000 in Grants to Promote Civil Discourse(Auburn, Calif.) - Open dialogue and communication are key elements in maintaining a healthy, connected community. To encourage debate, Placer Community Foundation

Dog Abandoned in Roseville under Inhumane CircumstancesRoseville, Calif. - A dog was found abandoned in a corner of the Atlantic Street Pet Emergency Center parking lot under terribly inhumane circumstances

Sun City Roseville Harmonicoots 2018 JamboreeRoseville, CA- This year, the Harmonicoots will honor all women harmonica players throughout the world at their Jamboree-scheduled for Thursday, May 8, 2018

Roseville Gas Prices Hold Steady Past Week Roseville, CA,- Roseville gas prices were relatively flat this past week, but remain at levels pushing near 2014 levels at some locations

Successful Transitions for Young Adults with Neurodevelopmental DisordersSacramento, CA- For many people with disabilities, the excitement of life after high school is accompanied by challenges with finding and receiving the services and supports

Passport Weekend Spectacular Fun in Fair PlayFair Play, CA- California is always full of surprise. This weekend marked our return to El Dorado Wines Passport Weekend.

Growing Weed in Placer County? Rules and ComplianceAuburn, CA - With Placer County's cannabis ordinance now in effect for over a year, county staff will host three drop-in meetings in May to answer questions about rules for cannabis cultivation

2018 Volkswagen SportWagen provides versatilityRoseville, CA,- Versatility is the 2018 Volkswagen SportWagen's main calling card, yet it has other enviable qualities that make it a good choice for car buyers.

Fundraiser in honor of Roseville transplant patientApril is Donate Life Month, but for Roseville resident Jason Crutchley, it's another month spent hoping he will receive a second chance at life.

Construction and Trades Job Fair this SaturdaySacramento, CA- For the fourth year in a row, the North State Building Industry Foundation will hold its annual Skilled Trades Job Fair this Saturday, April 21.


NEWS: In Case You Missed It