FHA will help the housing market- Here Is how

FHA will help the housing market- Here Is how

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We all know that there were various “Liar Loans” that caused the majority of the housing down turn the past few years. The question I here on a daily basis from Realtors in the Tri Valley is, “What can we do to get qualified buyers into these phenomenally priced houses”?  One solution: FHA financing.

Here is how it will help qualify clients on purchases or refinances up to $729,750. Until now we had no loan programs that would allow these features:

  • Loans are allowed up to 97% Loan to value of the property
  • Blended ratios: meaning we can use co-borrower income weather they live in the property or not
  • Loan is not FICO driven. Clients can qualify easier
  • Seller can contribute up to 6% for closing costs
  • No reserve requirements

Just to name a few of the benefits. For more information on FHA financing in the Bay Area please feel free to call for more details.

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