Homebuying and credit education

by Guest Contributor 1 min read July 14, 2016

A recent national survey by Experian revealed opportunities for businesses to build relationships with future homebuyers before they’re ready to obtain a loan. Insights include:

  • 35% of future buyers said they don’t know what steps to take to qualify for a larger loan
  • 75% of future buyers are not preapproved for a home loan
  • 29% of those surveyed would purchase a more expensive home if they had better credit and could qualify for a larger loan

A large portion of near-future homebuyers are millennials. Building relationships with this generation now will benefit financial institutions in the future.

>> White paper: Building lasting relationships with millennials

Build and they will come

Related Posts

How Rental Data Is Expanding Financial Opportunity for Millions of Renters 

Discover how rental payment reporting can expand credit access, strengthen credit profiles and improve risk assessment for renters and housing providers.

October 8, 2026 by Manjit Sohal
From Innovation to Impact: Meet the 2026 Experian Vision Awards Winners

Four organizations show what’s possible when data, analytics, AI and technology are put to work against real business and consumer challenges.

October 8, 2026 by Stefani Wendel
Vision 2026: Day Two Recap 

From thought-provoking conversations on AI and the future of financial services, day two of Vision brought bold ideas and insights. 

October 7, 2026 by Sharis Rostamian

Subscribe to our Newsletter

Enter your name and email for the latest updates.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Subscribe to our Newsletter

Don't miss out on the latest industry trends and insights!
Subscribe