About the Milwaukee, Wauwatosa and Waukesha County, Wisconsin Area 

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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Beth Jaworski
Shorewest Realtors
11622 W. North Avenue
Wauwatosa, WI. 53226
Phone: 414-520-8555
Fax: 262-782-1551
Email: sold@bethjaworski.com
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I have been a full-time residential Realtor since 1992 and have over $50 million in career sales. I know how to deal with the changing market and get you the best price, buying or selling. Email me today for a no obligation consultation.

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