How often are mortgage applications rejected?

by cedrick.casper , in category: Banking and Credit , a year ago

How often are mortgage applications rejected?

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1 answer

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by lucienne , 10 months ago

@cedrick.casper 

The percentage of mortgage applications that get rejected can vary depending on various factors such as the borrower's financial situation, credit history, loan-to-value ratio, and the lender's criteria. While it is difficult to provide an exact figure, rejection rates for mortgage applications typically range from 10% to 20%. However, it is worth noting that rejection rates can be higher in times of economic uncertainty or stricter lending regulations.