Loans are still being made. It’s no secret that we are faced with very difficult times in our industry. However, the media has been exaggerating the reality of the current lending environment. They make it sound like no loans are being extended and this is simply untrue.

My buyers have not had any issues with Fannie Mae/Freddie Mac or FHA/VA loans. To qualify, my buyers have had to have decent credit, the ability to document their income and have a down payment of at least 3.5%. The down payment can be gifted if FHA and buyers don’t have to have a down payment at all with VA. Buyers can even purchase a house with 100% financing using the Rural loan program.

Every situation is unique but my point is that loans are still available. You have to have more than a pulse to qualify but the requirements are very reasonable.

David J Edwards
REALTOR
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
Fax: 425-902-1899
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/renton-info-blog.asp
Mobile Site: http://davidjedwards.mofuse.mobi
Community Reports: http://www.topmarketer.net/CSR/CSReport.aspx?CV4GU5KAYOEF
 
David J Edwards is a full time real estate agent and REALTOR with Keller Williams Realty specializing in Residential Real Estate for buyers and sellers.