Comments on: Mortgages That Attract Homebuyers

By: Jay

Jay — Mon, 02 Nov 2009 20:26:22 +0000

Troy, it might be time for an update. Most of the above programs have left the marketplace and FHA loans now account for 70%+ of fundings.

By: Jon Christopher

Jon Christopher — Sat, 07 Jun 2008 20:41:30 +0000

Great post! I have a couple deals I am selling now and knowing this really helps. Thanks.

By: John - Cedar City Utah Real estate

John - Cedar City Utah Real estate — Fri, 06 Jun 2008 16:31:10 +0000

I know a lot of people who have got into trouble because they are in the wrong loan. The loan officers need to educate people like you are Troy.

The 100% financing and the ARM’S have been destroying people all over the country. The stated loans are great, but once again those are for certain people.

Thanks for this post it was very enlightening.

By: Dylan Darling

Dylan Darling — Fri, 06 Jun 2008 15:33:35 +0000

Very informative post. Stated loans are going to have to make some kind of come back. There are too many self-employed people out there that get to write off everyday bills, but really make the same amount or more money than the employed person. After write offs its hard for many self-employed to qualify for a loan.

FHA loans are back! We’re seeing FHA loans in Oreogn on a regular basis. Its the almost the only way for first time home buyers.

By: FHA Lenders

FHA Lenders — Sat, 31 May 2008 04:27:42 +0000

I like the current loans that we had 100% stated income...all they shoudl have done with those was rasie the crdit score, reserves requirements, and down payment of 10% versus cutting it out entirely.. I guess the sub-prime folks really hurt the ALT-A market. plus the ALT-A market was too lenient as well. whadda ya' do go get a true lenders. the next generation sounds good too especially the buy downs...

By: Kathleen@RealEstateInvestorGirl.com

Kathleen@RealEstateInvestorGirl.com — Fri, 30 May 2008 15:58:26 +0000

Troy,
You’ve got the knowledge. I am finding too many mortgage brokers who are ready to say NO before they even look carefully at the situation. They do not seem to try to figure out the right product. Financing is where it is in today’s market. The real estate investor who connects to the right financing for his client is the one that is going to make it. Can you originate loans in Georgia?

By: KC Investments

KC Investments — Fri, 30 May 2008 01:55:27 +0000

There is still plenty of variety, from what I see, for those with acceptable credit. Thanks for the update on the payment abatement. I may use that one.