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How many mortgage applications are declined?

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by fred.nader , in category: Banking and Credit , 2 years ago

How many mortgage applications are declined?

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1 answer

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by jaron , 2 years ago

@fred.nader 

The number of mortgage applications declined can vary depending on various factors such as the lender's criteria, the borrower's credit history, debt-to-income ratio, and the overall economic conditions. However, as of 2021, it is estimated that approximately 8-10% of mortgage applications are declined in the United States.

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