With all the changes to this bailout plan (we spoke last week on how this will affect our economy and financing options) what will your financing options look like? Right now they have definitely tightened up guidelines but you know what the secret is...you still have the ability (more than ever) to get into a home and into financing.
I would bet that most of you have completely written off your chances of getting into financing, especially with all the lenders tightening up. To some extent that's true, many lenders have over regulated and some are completely gone, but others have become even more competitive! Namely the Federal Housing Administration and the Dept. of Veterans Affairs (aka, FHA and VA), these lenders have loosened up there guidelines to help homeowners. What!?! CNN didn't say that!
These loan options are now available for borrowers with low credit scores and past blemishes. That may be you...but how would you know without calling and finding out. Do you want to get into a home? Yes / No (circle one). If you do, then what have you done to take that next step. What are you waiting for...lower prices on homes...sellers are motivated! Lower interest rates...lowest they have been in the past 5 years!
Don't let the media deter you away from looking at your options. We help all forms of clients, through conventional financing, FHA, VA and if none of those will get you into a home, Lease Options can. I rarely find a client that we are unable to help!
So if that's you and you want to experience homeownership, give me a call and we can look into your options. You may be surprised what you can get.
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