Would You Qualify for a Mortgage Now?

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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 latestOrigination 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.

需要完美的信用分數和巨額的頭期款才能買房子這些錯誤的觀念,讓許多想要購屋的人們繼續猶豫等待。據艾麗美的最新報告表示,五月份成功的房屋貸款者平均FICO信用分數為724,遠低於很多人以為需要的750或800分。

Below is a graph of the distribution of FICO scores of approved loans in May (the latest available data):

以下為五月份貸款FICO信用分數分佈圖(最新數據):

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Looking at the chart above, it becomes obvious that not only do you not need a 750+ credit score, but 54.9% of approved loans actually had a score between 600 and 749.

看看上面的圖表,可以很明顯看出您不需要750+的信用評分,批准的貸款中有54.9%介於600和749之間的分數。

More and more experts are speaking up about the fact that if potential buyers realized they could be approved for a mortgage with a credit score at, or above, 600, the distribution in the chart above would shift further to the left.

越來越多的專家們擔心的是,如果買家們意識到只要信用評分達到或超過600房貸即可被批准,上圖的分佈在未來將越來越往左移動。

Ellie Mae’s Vice President, Jonas Moe encouraged buyers to know their options before assuming that they do not qualify for a mortgage: 

艾麗美的副總裁喬納斯萌鼓勵買家在自認為沒有資格獲得房貸前先了解其實擁有的選擇:

“The high median credit score is due to many millennials believing they won’t qualify with the score they have – and are therefore waiting to apply for a mortgage until they have the score they think they need.”

“高平均信用評分是由於許多千禧年代買家認為以他們現有的信用分數拿不到房貸,,因此他們會持續等待申請房屋貸款,直到他們達到自認為需要的信用分數。”

CoreLogic’s latest MarketPulse Report agrees that the median FICO score does not always tell the whole story:

CoreLogic的最新MarketPulse報告也同意,平均FICO信用評分並不是取決房貸批准的唯一原因:

“The observed decline in originations could be a result of potential applicants being either too cautious or discouraged from applying, more so than tight underwriting as the culprit in lower mortgage activity.”

“貸款申請數目下降可能是申請者過於擔心會不通過申請,而並不是因為貸款核准困難,這才是真正房屋貸款申請數目降低的罪魁禍首。”

It’s not just millennials who believe high credit scores and large down payments are needed. Many current homeowners are delaying moving on to a home that better fits their current needs due to a belief that they would not qualify for a mortgage today.

不只是千禧年代買家認為需要高信用評分和巨額頭期款才能購屋,許多屋主也認為自己拿不到房貸,而持續延遲搬到更適合目前需求的房屋。

So what does this all mean?
所以這代表什麼呢?

Moe put it this way:
艾麗美的萌先生表示:

“Many potential home buyers are ‘disqualifying’ themselves. You don’t need a 750 FICO Score and a 20% down payment to buy.”

“許多買家是自我判斷’不合格’,你並不需要一個FICO信用分數750分和20%的頭期款才能買房子。

Bottom Line
結論

If you are one of the many Americans who has always thought homeownership was out of your reach, let’s get together to start the process of getting you pre-qualified and see if you are able to buy now!

如果您之前認為擁有自己房屋是遙不可及的夢想,讓我們協助您通過房貸資格預審,幫助您的夢想成真擁有自己的房子!

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