Have Buyers Run Out of Financing Options?

Loan programs have been cancelled, standards have tightened,and lenders have imploded.  Have buyers run out of options?

Far from it!  The truth is that mortgages written today are more solid than ever, safe for buyers as well as lenders. Interest rates for conforming mortgages are still at very reasonable, historically low levels.

While it’s true that many of the looser and more extravagant financing options are gone or going away, buyers still have options. Here are some of the programs available from reputable lenders:

  • Traditional

  • FHA

  • VA

  • ODVA

  • Flex 100

  • My Community

  • Oregon Bond

  • Programs for First Time Homebuyers

While there may be a lot of panic in the markets today, the cycle will run its course as it always has. Lenders who have stayed focused on professional service and results for their clients remain on solid financial ground and are available to meet the needs of buyers today.
 
from: Equity Home Mortgage, which was founded in 1997 through a partnership with RE/MAX equity group, inc. and Eagle Home Mortgage LLC.  Eagle Home Mortgage, LLC is wholly owned by Lennar Corporation, who is currently the second largest home builder in the U.S.

One comment on “Have Buyers Run Out of Financing Options?

  1. I agree with this. There are plenty of good programs out there for borrowers. I like how some banks are getting creative for those with good credit. This is a great post.

    Rick Marnon, Howell
    http://www.oaklandlivingston.com

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