Your success in a competitive market depends on your mortgage pre-approval.
Curbed.com reported in January that housing inventory for sale is dropping dramatically across the nation. The report cites statistics from Realtor.com that confirm these market conditions:
- Homes for sale nationwide dropped by a whopping 12 percent in December compared to a year ago.
- The drop was the largest year-over-year decline in almost three years, leaving housing inventory at a two-year low.
- New listings dropped by 11.2 percent year-over-year, suggesting relief is not on the way.
Additionally, HousingWire.com reported in late February that sales of new homes jumped in January to an annualized rate of 764,000, according to the Census Bureau and the Department of Housing and Urban Development. January’s total, which was 7.9% above December’s pace, was also 18.6% higher than January 2019, when new home sales hit an annualized rate of 644,000.
With inventory low and sales high, today’s housing market is clearly competitive. If you’re planning on buying a home, you need an advantage — and CrossCountry Mortgage has it.
How do you get pre-approved for a home loan?
Our FastTrack Credit Approval program gives you something better than a mortgage pre-approval. We provide you with a credit-approval certificate you can give to a seller, demonstrating that you can buy their home and buy it quickly.
You can also clear credit conditions while you shop so your loan can close in as few as 10 days after you sign a purchase contract.
Contact a CrossCountry Mortgage loan officer today to get a mortgage pre-approval from us before you begin your house hunt.