Fannie Mae: Consumers think it’s easier than ever to get a mortgage

Consumer Predictions Follow Mortgage Rates Downward. In its monthly national housing Survey, Fannie Mae reports that 56% of consumers surveyed in May believe that mortgage rates will go up in the next 12 months. That’s a notable dip from the 62% of consumers in April who thought rates would rise in the year ahead.

It's important to remember though, that the lower the credit score, the higher the interest. You may be able to get approved with as high a percentage as 40 percent.. Typically an FHA loan is one of the easiest types of mortgage loans to qualify for. Conventional financing for loans that can be bought by Fannie Mae or.

We see an important opportunity for lenders and other mortgage. or mistaken about the qualifications required to get a mortgage.. More consumers report seeing their credit score recently, but close to half still cannot recall what it is.. information) are only slightly more confident or knowledgeable than.

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While mortgage insurance on bad credit home loans with FHA has getting. loan with FHA if you had a recent bankruptcy, but now, it is easier than ever. Because of the lender guarantee, you also will be able to get a very low interest rate, believe it. Both Fannie Mae and Freddie Mac have software programs that they use.

Colonial is recognized by Fannie Mae as one of the top mortgage servicers. make it easier than ever for Colonial customers to make a mortgage payment. It is also affiliated with Colonial Life Insurance Company of Texas, DuBose.. remind them that their community was thinking about them during the holiday season.

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Why The Government Is Making It Easier To Get A Mortgage After Bankruptcy. Until recently, Fannie Mae had a waiting period of 4 years between the time a Chapter 7 or 11 bankruptcy case finished and when you could qualify for a mortgage. chapter 13 cases had a waiting period of 2 years after discharge, or 4 years if the case was thrown out of court.

Problem is, many eager to own a home don’t even try to get a mortgage. That’s likely because they think rigid mortgage requirements will rule them out. Or they lack basic info on the mortgage and home buying process. New research indicates that consumers think it’s harder to qualify for a mortgage loan than it actually is.