Homebuyers: Lending Standards Are Still Tight, but New Credit Scores May Help

After 26 years helping families buy and sell homes, I’ve seen just how much lending standards shape the real estate journey. Right now, with home sales hovering near a 31-year low, it’s clear that strict lending requirements, rising mortgage rates, and overall costs are making it tough for many. There’s a bit of hope on the horizon: new credit scoring models now consider on-time rent and utility payments, a positive step that reflects the real-life financial habits I see every day in my work. Still, too many low-income and minority buyers remain on the sidelines, even though their record of paying bills on time is strong. Navigating these hurdles is never easy, but with honest advice and a focus on your needs, I’m committed to finding solutions that open more doors for Boulder’s future homeowners.