A Mortgage-Ready Demographic

May 10, 2023 | Texas REALTORS® Staff

Texas continues to attract members of the Asian American and Pacific Islander (AAPI) community, according to the Asian Real Estate Association of America’s “2023 State of Asia America” report.

On average, members of the AAPI community have above-average incomes, and many are mortgage ready. Freddie Mac defines “mortgage ready” as someone 45 and younger who does not have a mortgage and would likely qualify for a mortgage. Mortgage-ready individuals have credit scores of at least 661, no foreclosures in 84 months, no bankruptcies in 84 months, and no severe delinquencies in 12 months.

Dallas-Forth Worth-Arlington and Houston-The Woodlands-Sugar Land had the highest mortgage-ready AAPI counts in Texas.

Download the full report to learn more.

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A Mortgage-Ready Demographic

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