Fewer Low-Credit Borrowers Are Trying To Get Mortgages

Lower-credit mortgage applicants accounted for 33 percent of the market in 2015, down from 49 percent in 2006

By Peter Fabris, Contributing Editor | March 2, 2017

Since the recession of 2008, fewer borrowers who have low credit scores are applying for mortgages. Mortgage denial rates are down, but that appears to be because potential low-credit applicants have given up trying to qualify. Lower-credit mortgage applicants accounted for 33% of the market in 2015 compared to 49% in 2006.

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