Mortgage requirements have eased while many potential home buyers believe they can't qualify for a mortgage and don't even try.  The biggest confusion is what credit score is necessary to qualify for a home loan.  A recent survey reported that two-thirds of the respondents believe they need a very good credit score to buy a home with 45% thinking a "good credit score" is over 780.  The actual numbers show the required credit score is much lower and has been dropping over the last several months (according to Ellie Mae).

Colorado Springs Mortgage Credit Score

If you are one of the many who are considering a home purchase you may be surprised on your ability to acquire a mortgage.  Contact us today to simplify this for you and discuss your options.