Michelle Bruch

Real Estate Guide // In tight home lending market, a few signs of change


Mortgage lenders say we're still in a tight lending environment following the recession, although a few factors are loosening some access to credit. Buyers can put less money down and secure loans with lower credit scores, but they're also working harder to prove their creditworthiness.

"It's not the way it used to be," said Chuck Meier, vice president and Minnesota mortgage market manager for BMO Harris Bank. "It's a lot of paper trail."


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