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

WJU Gala to Honor Four Esteemed AlumniROCKLIN, Calif. - William Jessup University will honor four esteemed alumni who are excelling in their respective fields of endeavor at its annual Jessup Gala

California Fire Update Summary (8-28-15)California Fire Updates 2015: A Red Flag Warning has been issued for Saturday from the Lake Tahoe region south through Mono County for high winds, increasing fire danger

Hacker Lab Jumpstarts Pursuit of Virtual RealityROCKLIN, CA--When three Sierra College students attended the July 24 Virtual Reality meet-up at Hacker Lab in Rocklin, they had no idea it would put them on the fast track

Sierra College Patrons to Meet September 8thRocklin, CA - The Patrons, a volunteer support group of the Sierra College Foundation, invite the public and those interested in becoming members of the organization

Roseville Crime Report Digest Update (8.28.15)Roseville, CA - Weekly crime report update digest summary for Roseville, August 28, 2015.

California Water Use Drops over 31 Percent in JulyDrought Watch: Despite continued hot conditions, Californians surpassed June's conservation rate and reduced water use by 31.3 percent during July, exceeding Governor Edmund G. Brown Jr.'s 25 percent

California Fire Update Summary (8-27-15)California Fire Updates 2015:Over 9,000 firefighters are battling 16 active wildfires across California. Warmer weather over the past couple of days has hampered containment efforts

Roseville Optometry Business BurglarizedRoseville Police asking for the public's help identifying the two people in these surveillance pictures.

Teacher Arrested for Child Pornography DistributionA Nevada County teacher was arrested for distribution of child pornography. Ethan Lewis, 32, was booked into the Nevada County Jail after turning himself in.

Lake Tahoe: Labor Day Weekend Events and BeyondTahoe South's late-summer of festivals, music, homegrown food and fireworks will ride the hot August wave of indoor and outdoor adventures now through Labor Day

Roseville Ranked #51 for Female Entrepreneurs to Launch BusinessThe city of Roseville, CA was ranked #51 in a new report by data-science group GoodCall as one of the best cities in the U.S. for women entrepreneurs to launch their business.

Mentoring Success Story: Child Advocates of Placer CountyTwo years ago, 17-year-old Nicole had no drive in her life."I was really depressed, but my mom was good at finding resources for me," Nicole says


NEWS: In Case You Missed It