Skip to content
Subscriber Only

Buyers With Excellent Credit Are Getting the Lion's Share of U.S. Mortgages

High student debt, rising home prices and tight credit swing loans to best borrowers
Homes in New Jersey.
Photographer: Craig Warga/Bloomberg

Want a home loan these days? Increasingly, your credit needs to be almost perfect.

Mortgages continued to concentrate among the least risky U.S. households in the first quarter with almost 61 percent of new home loans going to borrowers with a credit risk score of 760 or above, according to a report published Wednesday by the New York Federal Reserve Bank. That's a record in a data series that goes back to 2003, when the share was around 30 percent.