Wednesday, October 15, 2008

MONEY IS AVAILABLE

The media has created the myth that there is no way to get loan. They say credit is frozen, banks are not lending right now.

THIS IS TOTALLY WRONG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I must admit that it is harder to get a loan and lenders are making sure the borrowers can afford the loan they are applying for. (WOW What a concept, being able to afford the loan you request) Lenders guidelines are tougher, but if you have decent credit (NOT GREAT) and you can prove your income there are loans available.

These loans are normally government backed loans from VA, FHA, and the USDA with certain requirements. Some of those requirements are that the properly is their primary residence, they can prove their income, and their credit scores must be above 540.

We can lend up to 100% on VA loans and 97.75% on FHA loans. When you have a potential buyer have they call me so I can provide an immediate pre-qualification for them to see if they qualify for one of these loans. There is no cost to your client for this service.

Again THERE IS PLENTY OF MONEY TO LEND.
Just call your mortgage professional to see what you qualify for.

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