Real Estate Articles

2018-07-27 Millennial Credit Scores Vary Greatly from City to City | By: Brad Beckett

Millennial Credit Scores Vary Greatly from City to City

According to a new report from Ellie Mae the average millennial borrower’s credit score varied greatly from city-to-city in May.  The data was part of their latest Ellie Mae Millennial Tracker which measures closed loan application trends for U.S. homebuyers born between 1980-99.  They report that the average FICO score for all closed loans to Millennials in May held steady for the third month in a row at 721, the lowest average for Millennial borrowers since April 2017.

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