OJO Labs’ latest homebuyer survey found that Black homebuyers were three times more likely to have a credit score below 660, which inhibits access to down payment assistance programs and agent support.
Source: Inman News
Low credit scores are biggest barrier for women, minority buyers
Published in borrowing, credit scores, creditworthiness, first-time homebuyers, homebuyer assistance, Mortgage, mortgage rates, mortgages and OJO Labs
More from credit scoresMore posts in credit scores »
- Love is blind, but FICO isn’t: Guiding couples with mismatched credit
- Fannie Mae and Freddie Mac are not accepting VantageScore 4.0
- Mortgage lenders ask for more guidance on VantageScore 4.0
- Fannie, Freddie ordered to accept new VantageScore 4.0 credit score
- Rollout of new mortgage credit scoring models pushed back
More from creditworthinessMore posts in creditworthiness »
More from first-time homebuyersMore posts in first-time homebuyers »
- Sec. Scott Turner: HUD breaks down barriers to homeownership
- 1st-time buyers say ‘yes’ to older starter homes due to higher costs
- Higher rates aren’t stopping homebuyers from bargain hunting
- Inventory’s up, but buyers aren’t biting as June sales slide again
- 10 easy daily marketing moves that build your brand and business
More from homebuyer assistanceMore posts in homebuyer assistance »
More from MortgageMore posts in Mortgage »
More from mortgage ratesMore posts in mortgage rates »
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Is fall the new spring? Market winds may be shifting, NAR says
- How a government shutdown would affect real estate agents
- August existing-home sales may have been lowest in a decade
- New-home sales spiked in August to highest rate since 2022
More from mortgagesMore posts in mortgages »
- DOJ opens criminal investigation into Fed Governor Lisa Cook
- HUD and the FHFA are changing. Here’s everything you need to know
- Regulators expected to remove lid on Wells Fargo’s growth soon
- Ted Cruz aims to defund CFPB with implications for lender oversight
- Fannie Mae and Freddie Mac prep for privatization in Trump 2nd term
More from OJO LabsMore posts in OJO Labs »
Be First to Comment