Fannie Mae's “What Do Consumers Know About The Mortgage Qualification Criteria?” Study revealed that Americans are misinformed about what is really required to qualify for a mortgage when purchasing a home.
To help correct these misunderstandings, let’s take a look at the survey results compared to the latest Ellie Mae Origination Insight Report, which focuses on recently approved loans. Fannie Mae's “What Do Consumers Know About The Mortgage Qualification Criteria?” Study revealed that Americans are misinformed about what is really required to qualify for a mortgage when purchasing a home.