What Cities are Easy to Get Mortgage?

Saturday, December 7, 2019
Minneapolis, Minnesota for illustration

For who does not have a house yet, the good news that there are many cities provide easy way to get a mortgage.

Term of “easy” refers to application rate. Rejection to loan application below 10% is categorized as “not difficult” to be approved.

Based on article written by Esther Trattner, 2019: “The US Cities Where It's Easiest to Get a Mortgage,” there are 25 cities considered easy to have a house loan.

Here the rank (top 10) of cities across America with more than 90% of approval loan application:
- Minneapolis, Minnesota: approval application 95.4%
- Salt Lake City, Utah: approval application 95.1%
- Kansas City, Missouri: approval application 95.1%
- Virginia Beach, Virginia: approval application 94.8%
- Portland, Oregon: approval application 94.5%
- Washington, D.C.: approval application 94.3%
- St. Louis, Mississippi: approval application 94.3%
- Boston, Massachusetts: approval application 94.2%
- Richmond, Virginia: approval application 94.2%
- Raleigh, North Carolina: approval application 94.2%


A corner of Salt Lake City, Utah

Approval mainly based on debt ratio, how much debt compared to monthly or yearly income.

As my previous posted, it is important to have good credit scores to get approval of mortgage (How Important Credit Score to Mortgage Rate?).

Then, followed by “loose” regulations and other factors such as property “booming” and population growth in each states or cities.

This is a kind of “good news” for who moves in to those cities and need a house.

30 comments:

  1. I was glad to see on the list Salt Lake and its high rate of approval!
    Wish you a nice Sunday!

    ReplyDelete
    Replies
    1. Yes, beautiful Salt Lake includes in the list...

      Thank you to visit:
      What Cities are Easy to Get Mortgage?
      -
      Minneapolis, Minnesota for illustration

      Delete
  2. Replies
    1. Thank you to visit:
      What Cities are Easy to Get Mortgage?
      -
      For who does not have a house yet, the good news that there are many cities provide easy way to get a mortgage.

      Delete
  3. It's a good post.
    Wish you the best...

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Cities are Easy to Get Mortgage?
      -
      Term of “easy” refers to application rate. Rejection to loan application below 10% is categorized as “not difficult” to be approved.

      Delete
  4. Good post! Hope you're enjoying the weekend:)

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Cities are Easy to Get Mortgage?
      -
      Based on article written by Esther Trattner, 2019: “The US Cities Where It's Easiest to Get a Mortgage,” there are 25 cities considered easy to have a house loan.

      Delete
  5. Thanks for the informative post! God bless.

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Cities are Easy to Get Mortgage?
      -
      Here the rank (top 10) of cities across America with more than 90% of approval loan application:
      - Minneapolis, Minnesota: approval application 95.4%
      - Salt Lake City, Utah: approval application 95.1%
      - Kansas City, Missouri: approval application 95.1%
      - Virginia Beach, Virginia: approval application 94.8%
      - Portland, Oregon: approval application 94.5%
      - Washington, D.C.: approval application 94.3%
      - St. Louis, Mississippi: approval application 94.3%
      - Boston, Massachusetts: approval application 94.2%
      - Richmond, Virginia: approval application 94.2%
      - Raleigh, North Carolina: approval application 94.2%

      Delete
  6. Replies
    1. Thank you to visit:
      What Cities are Easy to Get Mortgage?
      -
      A corner of Salt Lake City, Utah

      Delete
  7. This is very interesting! Thanks for sharing the information
    Have a great new week
    http://www.recklessdiary.ru

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Cities are Easy to Get Mortgage?
      -
      Approval mainly based on debt ratio, how much debt compared to monthly or yearly income.

      Delete
  8. Interesting post.
    Have a nice week.

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Cities are Easy to Get Mortgage?
      -
      As my previous posted, it is important to have good credit scores to get approval of mortgage (How Important Credit Score to Mortgage Rate?).

      Delete
  9. Merhaba.Olduk├ža kaliteli bir blogunuz var sizi takibe ald─▒m.Zaman ay─▒rmak isterseniz sizi de yeni a├žt─▒─č─▒m blogumu takip etmeye davet ediyorum.Sa─čl─▒cakla Kal─▒n.

    https://hepfragmanizle.blogspot.com/

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Cities are Easy to Get Mortgage?
      -
      Then, followed by “loose” regulations and other factors such as property “booming” and population growth in each states or cities.

      Delete
  10. Replies
    1. Thank you to visit:
      What Cities are Easy to Get Mortgage?
      -
      This is a kind of “good news” for who moves in to those cities and need a house.

      Delete
  11. That's a very interesting post for usa residents!!
    xoxo

    marisasclosetblog.com

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Cities are Easy to Get Mortgage?
      -
      Minneapolis, Minnesota for illustration

      Delete
  12. useful list ☺
    although I would rather not buy a flat in the city
    greetings
    Lili

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Cities are Easy to Get Mortgage?
      -
      For who does not have a house yet, the good news that there are many cities provide easy way to get a mortgage.

      Delete
  13. Very informative post! No matter where you live, you should try and keep your debt down and have a good credit rating even if you're not interested in purchasing a home.

    ReplyDelete
    Replies
    1. Yes, so true....

      Thank you to visit:
      What Cities are Easy to Get Mortgage?
      -
      Term of “easy” refers to application rate. Rejection to loan application below 10% is categorized as “not difficult” to be approved.

      Delete
  14. This is very interesting information, Tanza. Thank you for sharing it.

    ReplyDelete
    Replies
    1. Thank you to visit:
      What Cities are Easy to Get Mortgage?
      -
      Based on article written by Esther Trattner, 2019: “The US Cities Where It's Easiest to Get a Mortgage,” there are 25 cities considered easy to have a house loan.

      Delete
  15. I'd be curious about the way interest rates vary. I know there is a slight difference in rates from one locale to another for a person with the same credit rating and down payment, etc. Just curious, but I wouldn't dig that deep unless I was interested in moving.

    www.thepulpitandthepen.com

    ReplyDelete
    Replies
    1. Depend mainly on market: higher demand for loan will drive interest rate...

      Thank you to visit:
      What Cities are Easy to Get Mortgage?
      -
      Here the rank (top 10) of cities across America with more than 90% of approval loan application:
      - Minneapolis, Minnesota: approval application 95.4%
      - Salt Lake City, Utah: approval application 95.1%
      - Kansas City, Missouri: approval application 95.1%
      - Virginia Beach, Virginia: approval application 94.8%
      - Portland, Oregon: approval application 94.5%
      - Washington, D.C.: approval application 94.3%
      - St. Louis, Mississippi: approval application 94.3%
      - Boston, Massachusetts: approval application 94.2%
      - Richmond, Virginia: approval application 94.2%
      - Raleigh, North Carolina: approval application 94.2%

      Delete