denial rates

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Lenders aren’t very interested in small-dollar mortgages

Aug 02, 2018By

Applicants looking to get a small-dollar mortgage struggle to get approved, but it has nothing to do with their credit worthiness. The denial rate for mortgages up to $70,000 was 18% in 2017. This is about double the denial rate for loans of more than $150,000 that same year.

3d rendering of a row of luxury townhouses along a street

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