Loan Profiles

We hope you are enjoying the weather as it is finally getting cooler and were able to spend the time enjoying some fall activities.

 

We are excited to share with you this calendar of November Events happening in and around Austin. It includes everything from festivals, sporting events, concerts, and more. See the calendar here November Events

 

I have also included some loan statistics on the various types of loans. This chart shows the profile of loan borrows utilizing the three most common types of loans FHA, Conventional and VA. The FICO is the average borrowers credit score, LTV is the Loan to Value percentage and the DTI is the Debt to Income Ratio.

Profile for Closed Loans

FHA
Sept Aug July June May April March Feb Jan  
FICO 677 676 675 675 674 673 672 675 675  
LTV 95 95 95 95 95 95 95 95 95  
DTI 28/43 28/43 29/44 29/44 29/44 29/44 29/44 29/44 29/44  
 

Conventional
Sept Aug July June May April March Feb Jan  
FICO 754 754 754 754 754 753 752 751 750  
LTV 80 81 81 81 81 81 80 80 80  
DTI 23/35 24/36 24/36 24/36 24/36 24/36 24/36 24/36 25/37  
 

VA
Sept Aug July June May April March Feb Jan  
FICO 711 712 712 711 709 708 706 708 707  
LTV 98 98 98 98 98 98 98 98 98  
DTI 25/42 25/42 25/42 26/42 26/42 26/42 26/43 27/43 27/43  

 

Please remember to reach out to us for any real estate needs or questions you may have about the current market. We are here to provide you with quality service all year long.

 

Also, we are never too busy for your referrals and would love the opportunity to work with people just like you!