Mortgage qualifying is a delicate balance of an applicant’s credit, income and assets. So when it comes to getting approved, VA-eligible borrowers may currently have a slight edge. New data from ...

The SBA has recorded significant trends in loan approval across states in the U.S. over the past five years. In data from 2018 to 2022, Georgia ranks first on the list with the highest average 7(a ...

Preparation ... both by loan term, such as a 30 year or 15 year loan as well as the interest rate, but also by debt to income ratios. The higher the consumer debt, the lower the approved mortgage ...

The average credit score is 715, according to Experian data. A score in this range is considered good, and loan approval is likely for people with credit scores above 680. On the other hand ...

Ultimately, thoughtful preparation and smart timing of your pre-approval application can simplify securing financing and keep you loan-ready without excessive credit checks. Consider getting pre ...

the probability a loan will default and a so-called "confidence score" that the underwriting is compliant with bank regulations and the models can trace the results back to the underlying data.

Low approval rates have plagued a popular student loan forgiveness program for public servants, and data from the company overseeing the federal initiative shows not much will change in the coming ...

Commercial lending team members at Great Southern Bank are using generative AI to "chat" with their data ... and loan records. They ask questions like, "what are the loan-to-value limitations for ...