What You Should Know About Getting a Mortgage Today

Qualifying Is Getting Easier—But Standards Are Still Strong

If you’ve been putting off buying a home because you thought getting approved would be too hard, know this: qualifying for a mortgage is becoming more achievable—especially for well-qualified buyers.

Lenders are starting to make it slightly easier for people with stable finances to access financing, which is opening more doors for buyers ready to make a move. At the same time, lending practices remain cautious and responsible, helping avoid the pitfalls of the 2008 housing crash.

Lenders Are Opening More Doors

Banks are expanding credit access to help stimulate activity in the housing market. This includes approving more buyers with:

• Lower credit scores

• Smaller down payments

• Nontraditional income sources

As a result, more people are getting approved for mortgages—even those who may have been turned down just months ago.

But This Isn't 2008 All Over Again

You may be wondering: “Does this mean we’re heading toward another crash like 2008?”

The answer is no. Even though credit availability is improving, today’s lending standards are still much tighter than they were back then. Lenders continue to follow strict underwriting practices to protect both borrowers and the overall housing market.

This shift is a positive development, not a warning sign. It shows that lenders are growing more confident in today’s borrowers without resorting to the risky, unsustainable tactics of the past.

Why This Matters for You

If you were discouraged before—maybe due to credit challenges or a lack of savings for a large down payment—now could be your moment. Lenders are more open to working with buyers who show financial responsibility, even if they’re not perfect on paper.

As Brett Hively, SVP of Mortgage, Finance, and Strategy at Ameris Bancorp, recently shared:

“This uptick is opening the door for many borrowers to move forward with a home purchase or a refinance program.”

Let’s Talk About What’s Possible for You

If strict mortgage requirements have been holding you back, it may be time to take another look. You might qualify for a home loan that wasn’t available to you just a few months ago.

As your trusted real estate professional, I’m here to help you navigate the mortgage process with clarity and confidence—whether you’re buying your first home, upgrading, or investing.

📲 Connect with me directly at 917-254-2103.
My goal is to help you accomplish yours!

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