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Mortgage Rates Connecticut: Rates from CT Mortgage Lenders

www.HomeMortgage.com If youre searching for the best mortgage rates in Connecticut from top mortgage lenders, HomeMortgage.com will provide you ...

Lenders opening doors to a wider swath of home buyers

Do you want to buy a house but worry that your credit profile will disqualify you for a mortgage? Take another look: A new study suggests that you might find lenders a little friendlier and more flexible than you thought. According to the Urban Institute Housing Finance Policy Center's latest quarterly credit availability report, mortgage lenders are reaching out to borrowers who might have been marginal — or rejectees — in the past. Lenders are increasing their appetite for at least slightly riskier applicants -- people with lower credit scores, higher debt-to-income ratios, smaller down payments and other issues.

The institute's study, released last week, suggests that Fannie Mae and Freddie Mac , the dominant players in the market, both have been taking on more risk "steadily since the financial crisis." The Federal Housing Administration (FHA), Department of Veterans Affairs (VA) and the Department of Agriculture's rural home loans program have pushed risk to "the highest level since 2009." Portfolio and "private label" lenders — a category that ranges from giant banks to independent mortgage companies — have also been reaching deeper into the credit pool, but risk for them remains near record lows.

What's the best way for me to become a Mortgage Broker in CT?

I have been a Loan Originator for a year now, but I'd like to become a mortgage broker. This way, I can shop around to different lenders to help close more loans.


You can try Countrywide, but honestly...your current position is the safer bet of the two. Mortgage Brokers and getting the short end of the stick lately and banks (like Wichovia) are no longer even dealing with them.

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