Opinion Photo: Avi Werde / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. Getting turned down for a mortgage feels personal. Usually, it comes down to math someone could have done ahead of time. Lenders denied 15.1% of home purchase applications in 2024, up from 12.2% in 2021, according to a St. Louis Fed study of more than 30 million applications in federal mortgage data. The top reason wasn’t bad credit. Debt-to-income ratio was the…
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Most Mortgage Denials Are Predictable. The Industry Keeps Letting Buyers Walk Into Them.
Natalie Chen argues mortgage denials often reflect predictable debt-to-income problems, urging buyers and lenders to calculate full ownership costs early.
