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 »
- Tailwinds pull October existing-home sales up 1.2%
- Stop freaking out about 50-year mortgages. They might save the housing market
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- Share of first-time homebuyers falls to lowest point ever
- Fannie and Freddie build net worths for planned Q2 2026 public offering
More from homebuyer assistanceMore posts in homebuyer assistance »
More from MortgageMore posts in Mortgage »
- Bayview merger positions Guild Mortgage for refinancing boom
- Rep. Eric Swalwell sues Pulte, FHFA, Fannie Mae and Freddie Mac
- Homebuyers came out in force last week, and rates are trending down
- Fannie and Freddie cleared to back loans of up to $832,750 in 2026
- Realtor who tipped Pulte to Schiff loans now a witness [EXCLUSIVE]
More from mortgage ratesMore posts in mortgage rates »
- Redfin on 2026: Affordability improves, sales rise only slightly
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
- Delistings and discounts jump as holiday season approaches
More from mortgagesMore posts in mortgages »
- What is a 50-year mortgage? The pros and cons of Trump’s proposal
- Stop freaking out about 50-year mortgages. They might save the housing market
- 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
More from OJO LabsMore posts in OJO Labs »
Be First to Comment