Featured Properties
Recent Sales
$5,000 / mo
3
3
Northport, NY
beds
baths
$510,000
4
3
Wading River, NY
beds
baths
$355,000
2
1
E. Northport, NY
beds
baths
$486,000
4
2
Northport, NY
beds
baths
Home Equity: How to Use it from The Jim
What Credit Score Do You Need for a Mortgage?
According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge for some, many buyers may be surprised by the options that are still available for borrowers with lower credit scores.
The fact that the average American has seen their credit score go up in recent years is a great sign of financial health. As someone’s score rises, they’re building toward a stronger financial future. As more Americans wit…