CNNMoney.com reports that 25 percent of people looking to get a loan are denied, according to statistics the news service collected from the Federal Reserve.
Lawrence Yun, chief economist for the National Association of Realtors, said that tightening restrictions have made it next to impossible for some to qualify for a mortgage.
"Good borrowers with one or two blemishes on their credit are being denied credit," Yun said in an interview with CNNMoney.com.
Industry experts told the financial news website that one's credit rating is part of the reason more people can't get loans, but up front cash costs are also affecting loan rates. CNNMoney.com said the median down payment for most home purchases is 15 percent.
While many people may not be able to land loans, the Federal Reserve has lowered interest rates even further after last week's positive jobs report.
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