What Do You Actually Need to Get a Mortgage?

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What Do You Actually Need to Get a Mortgage?

Fannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Here are three takeaways:

59% of Americans either don’t know (54%) or are misinformed (5%) about what FICO score is necessary
86% of Americans either don’t know (59%) or are misinformed (25%) about what an appropriate Back End Debt-to-Income (DTI) ratios is
76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down payment required

To help correct these misunderstandings, let’s take a look at the latest Ellie Mae Origination Insight Report, which focuses on recently closed (approved) loans.

FICO SCORES

BACK END DTI

DOWN PAYMENTS

Bottom Line

Whether buying your first home or moving up to your dream home, knowing your options will definitely make the mortgage process easier. Your dream home may already be within your reach.

Search Like a Tucson Pro: Full MLS Access

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Your Local Tucson Expert Real Estate Partner

Moving is a major life milestone. You deserve a partner who knows the Tucson dirt as well as the local market data.
Real estate is more than just a transaction—it’s one of the most powerful ways to build lasting wealth for your family. Whether you are stepping into your first home, searching for a second mountain getaway, or managing an investment portfolio, I’m here to ensure the process is smooth, transparent, and profitable for you.
Why Work With Us?
Market Intelligence: We don’t guess; we track the data. Get exclusive access to our Monthly Market Reports so you can see exactly where Tucson home values are heading before you buy or sell.
Strategic Results: The right guidance means more equity in your pocket at closing.
Zero Pressure: No sales tactics—just honest assistance tailored to your goals.
Ready to get started? Whether you need a formal home valuation or just have a quick question about a neighborhood, reach out to Blaine and the team today.

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