Iowa Bankers Association Iowa Bankers Insurance & Services, Inc.
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
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Lenders Opening Doors to a Wider Swath of Home Buy

:Lenders Opening Doors to a Wider Swath of Home Buyers

According to the Urban Institute Housing Finance Policy Center's latest quarterly credit availability report, mortgage lenders are reaching out to borrowers who might have been marginal--or rejectees--in the past. Lenders are increasing their appetite for at least slightly riskier applicants--people with lower credit scores, higher debt-to-income ratios, smaller down payments and other issues.

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