If you wish to buy a home but consider yourself incapable of getting credit, you may be living in the past in terms of assessing your financial situation. Lenders have become more flexible in underwriting mortgage loans.

A recent survey of mortgage lenders revealed some interesting trends. Ninety-six percent of those surveyed had cut their standard down payment requirements for moderate-income buyers, and 93% said they are more lenient regarding debt-to-income-ratios. Ninety-four percent of those surveyed said they now have more flexible approaches to credit histories, and look at rent and utility payments more than credit cards. Seventy-nine percent of lenders say they have relaxed employment criteria. They now look more at your capacity to generate a stable flow of income rather than requiring a long history at one job.

There are more lenders today, and they are in fierce competition with each other. The home loan industry has created entire markets that cater to those with less-than-perfect credit.

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Paul Augustine
RE/MAX Centre
2701 York Rd.
Jamison, PA 18929
Cell: (215) 565-5335
Office: (215) 343-8200 x.115
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As a REALTOR who serves the Bucks, Montgomery, and Philadelphia real estate markets, and as one who specializes in Horsham, Hatboro, and Warminster, it's my goal to provide you with excellent service before, during, and after the purchase or sale of your home. By doing so, it's my hope that you'll feel confident referring my services to your friends and family for years to come. It's how most of my business comes to me, and it's not a coincidence. I pour all of my efforts into every client I serve, and into every transaction that I have with those clients. To me, your real estate transaction is more than just a sale - doing a great job for people like yourself is how I build my business, one client at a time.

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