- Jun 14, 2011
- Reaction score
I'm praying the market falls a bit here, at least the builder speculation & flipping taking reasonably priced homes off the market.
I'm keeping my ear to the ground since I'll be looking to buy soon.
I've read/heard that mortgage lending is tightening significantly. You need bigger down payments, higher credit scores (680+), lower DTI, and sometimes reserves. Lenders are really tight with jumbo loans especially. Basically anything high risk.