Comments on: Real Estate — Have we hit bottom yet? http://blog.ewm.com/2008/04/20/real-estate-have-we-hit-bottom-yet/ Public Blog Mon, 06 Oct 2008 20:15:19 +0000 http://wordpress.org/?v=2.6.1 By: Ariel Segall http://blog.ewm.com/2008/04/20/real-estate-have-we-hit-bottom-yet/#comment-4811 Ariel Segall Mon, 21 Apr 2008 12:53:07 +0000 http://blog.ewm.com/2008/04/20/real-estate-have-we-hit-bottom-yet/#comment-4811 Robert thank you for pointing out FHA. FHA loans can help buyers to put their goals within reach. FHA financing is great for buyers that have minor credit challenges but can substantiate their ability to repay the loan. This program provides safe financing options with flexible credit and income qualifying criteria. For borrowers with basically no savings but with steady proven income, this program is the best. Buyers can negotiate cost reductions by having the sellers contribute with 6% towards closing costs and prepaids. Borrowers can still put a down payment as low as 3% with no cash reserves requirements and gift funds are accepted. The FHA program also allows non-occupying co-borrowers such as parents to help their kids qualify for their new home. To get more details on specific answers on how FHA financing could work for you please do no hesitate to leave a comment on this blog. Robert thank you for pointing out FHA.

FHA loans can help buyers to put their goals within reach.

FHA financing is great for buyers that have minor credit challenges but can substantiate their ability to repay the loan. This program provides safe financing options with flexible credit and income qualifying criteria.

For borrowers with basically no savings but with steady proven income, this program is the best. Buyers can negotiate cost reductions by having the sellers contribute with 6% towards closing costs and prepaids. Borrowers can still put a down payment as low as 3% with no cash reserves requirements and gift funds are accepted.

The FHA program also allows non-occupying co-borrowers such as parents to help their kids qualify for their new home.

To get more details on specific answers on how FHA financing could work for you please do no hesitate to leave a comment on this blog.

]]> By: Robert http://blog.ewm.com/2008/04/20/real-estate-have-we-hit-bottom-yet/#comment-4810 Robert Mon, 21 Apr 2008 08:30:49 +0000 http://blog.ewm.com/2008/04/20/real-estate-have-we-hit-bottom-yet/#comment-4810 Astute comments. I'd also add that the renovation loans being offered by Wells Fargo allow buyers to wrap up the cost of repairs/upgrades in a first mortgage. This helps fix those properties in need of work. Also, declining prices have put more properties into the FHA financing range. Astute comments. I’d also add that the renovation loans being offered by Wells Fargo allow buyers to wrap up the cost of repairs/upgrades in a first mortgage. This helps fix those properties in need of work. Also, declining prices have put more properties into the FHA financing range.

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