Mortgage Discussion for the Panhandle area

Spring is in the air and we have nice weather for that trip to the beach. Children are looking forward to summer break and houses are moving. What a paradise we have here on the Gulf Coast.

I am happy to report no tightening of the guidelines lately and in fact we have seen some guidelines loosen up. Hey, what we all need is more lending. More lending will equate to less inventory and better sales nationwide. We have decided to help by lowering our minimum credit scores to 600. This FHA loan should help a few more "on the fence" borrowers get qualified and close. Look at your past deals that could not close for credit score and give me a call. Hopefully we can turn some of them around and make you some money as well.

Please also keep in mind the time is short to save some money with FHA loans. On April 18th HUD has advised us the monthly FHA mortgage insurance premiums will rise from a factor of .9 to 1.25. This will make payments for all FHA loans to go up on that date. We must get them pre-qualified and a home identified by April 18th in order to close at the lower amount. Call me with any questions.

Call us if we can answer any questions or issue a pre-qualification for that new home.