Lending Tree just released a list ranking the credit quality of perspective homebuyers by State based upon home loan applications during the 2nd quarter of 2013 and the report gives Missouri a score of 75.69 out of a possible 100, bringing our state in at 41st in the nation. In determining the credit quality of the borrower or “borrower health” in Lending Tree terms, they take into consideration three things on perspective homebuyer loan applications: weighted average of credit score, loan-to-value ratio [LTV] and overall lendability of mortgage-seekers to arrive at a score.
At the top of the list, with a score of 96.53 was Washington D.C. (hmm…) followed by New Jersey with a 93.67. At the bottom of the list is the state of Mississippi with a buyers health score of 67.83 – See the map below for rankings by state, or see the entire list by clicking here.
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