Is It Easier To Get Approved for a Mortgage Right Now? Here's What You Need To Know

If you’ve been holding off on buying a home because you assumed getting approved for a mortgage would be too difficult — good news: qualifying for a home loan is starting to become more accessible, especially for well-qualified buyers.

While lending standards remain strong (which helps prevent another housing crash), mortgage credit availability has recently improved. That means more opportunities for buyers who are ready to take the next step.

More Flexibility — Without the Risk

Lenders are slightly relaxing certain requirements, offering more flexibility for borrowers with lower credit scores or smaller down payments. This is helping boost activity in the housing market — without repeating the risky practices that led to the 2008 crash.

But make no mistake: lending standards today are still far more responsible than they were back then.

What the Data Says

According to the Mortgage Bankers Association (MBA), the Mortgage Credit Availability Index (MCAI) — which measures how easy or hard it is to get a mortgage — has been on the rise. In May, the index hit its highest level since August 2022.

This upward trend means more people are qualifying for mortgages who may not have just a few months ago.

As the National Association of Mortgage Underwriters (NAMU) explains:

“Mortgage credit availability surged in May, reaching its highest level since August 2022. The uptick signals that lenders are increasingly willing to loosen underwriting standards, providing borrowers with greater access to financing options.”

“Is This Like 2008 All Over Again?”

It’s a valid question — but there’s a big difference. While credit availability is increasing, lending standards are still tight compared to the lead-up to the 2008 housing crash.

As you can see, today's standards are nowhere near the risky levels seen before the crash. The industry is being careful — just a little more open to helping more buyers qualify.

What This Means for You

As Brett Hively, SVP of Mortgage, Finance, and Strategy at Ameris Bancorp, puts it:

“This uptick is opening the door for many borrowers to move forward with a home purchase or a refinance program.”

So if you’ve been unsure about your chances of getting approved, now’s a great time to talk to a lender. You might be closer to homeownership than you think.

Bottom Line

Mortgage qualification is gradually becoming more accessible — without compromising on safety. With more flexible credit options available, this could be the moment you’ve been waiting for. Connect with a lender today and explore what’s possible.

Don’t let outdated assumptions hold you back from becoming a homeowner. Lending is shifting — and you might be closer than you think.

Let’s talk. Reach out today and explore your mortgage options with a trusted professional.