February was quite a month in Real Estate. We are feeling the full effects of reduced loan options for buyers and widening gap in knowledge of lenders keeping up with current market conditions and loan products. It is more critical than ever to get pre-approval for your loan and to understand what type of home your loan allows. Remember, with the sluggish market conditions you have the ability to get everything done before you begin to look for houses. There are many bargains right now and in order to take advantage of them you want to have your agent negotiate from a point of strength, which means approved financing through a knowledgeable lender.
FHA loan has made a tremendous resurgence for the entry level buyer with little money to put down. Here is a link to FHA guidelines but check with your lender for specifics to your situation.
Vicki Brannock
Realtor, e-PRO, ABR
928.583.0762 (direct)
866.219.8252 (toll free fax)
vicki@Prescott-RE.com
www.Prescott-RE.com
Realtor, e-PRO, ABR
928.583.0762 (direct)
866.219.8252 (toll free fax)
vicki@Prescott-RE.com
www.Prescott-RE.com
Filed under: Market Conditions | Leave a Comment
Tags: fha, lending, prescott arizona, real estate
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