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Would You Qualify for a Mortgage Now?

July 13, 2016 12:31 pm

Would You Qualify for a Mortgage Now? | Keeping Current Matters The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or 800 that many buyers believe to be true.