Housing Trends in Amarillo - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Housing Trends in Amarillo

With it getting harder and harder to get a home mortgage loan across the U.S., we wanted to find out if it is the same way in the Panhandle.

In Amarillo, home sales are down, but not by much. 2006 set all kinds of records in Amarillo home sales. This year, sales are down by only three percent.

That's good news, but we still wanted to know how difficult it is to get a home loan. Debbie Bigelow with Amarillo National bank says it has a lot to do with credit, saying "the mortgage industry is very credit score-driven, so if you have a credit score that's over 700, you're in pretty good shape."

Pretty good shape meaning you will probably qualify for a loan. But if you have a credit score lower than 600, getting a home loan may not be so easy.

Lending firms across the country have cut back their loan programs because borrowers were not paying back their lenders.

But in the Panhandle, most of the loan programs are still in place. And even with a low credit score, other circumstances could help you get a loan.

Right now in Amarillo, around1500 homes are for sale, about the same amount compared with last year.

Lenders say don't panic. Here, it's still a good time locally to buy a home.

  • Today's Local News HeadlinesToday's Local NewsMore>>

  • Building fire at Public Steel, no injuries reported

    Building fire at Public Steel, no injuries reported

    Sunday, March 26 2017 12:43 AM EDT2017-03-26 04:43:35 GMT
    Source: KFDASource: KFDA

    Amarillo police and the Amarillo Fire Department worked a building fire at Public Steel.

    Amarillo police and the Amarillo Fire Department worked a building fire at Public Steel.

  • Rankin Ranch Road Fire 100% contained

    Rankin Ranch Road Fire 100% contained

    Sunday, March 26 2017 12:39 AM EDT2017-03-26 04:39:54 GMT
    Source: KFDASource: KFDA

    The Texas A&M Forest service spent the afternoon monitoring the Rankin Ranch Road Fire and now report it's 100 percent contained.

    The Texas A&M Forest service spent the afternoon monitoring the Rankin Ranch Road Fire and now report it's 100 percent contained.

  • Career fair brings opportunities for young job seekers

    Career fair brings opportunities for young job seekers

    Saturday, March 25 2017 9:29 PM EDT2017-03-26 01:29:17 GMT
    Hundreds of job seekers came dressed for success in hopes of joining teams of local companies in the area. Multiple employment opportunities were available from all levels of employment, including full and part-time positions in technical, health care, management, customer service and many others. According to the Bureau of Labor Statistics, the Texas unemployment rate is at 4.9 % and in Amarillo the percentage of unemployment is at 3.4 %.  Workforce solutions Panhandle said t...
    Hundreds of job seekers came dressed for success in hopes of joining teams of local companies in the area. Multiple employment opportunities were available from all levels of employment, including full and part-time positions in technical, health care, management, customer service and many others. According to the Bureau of Labor Statistics, the Texas unemployment rate is at 4.9 % and in Amarillo the percentage of unemployment is at 3.4 %.  Workforce solutions Panhandle said t...
Powered by Frankly