Helga James

Hey Everyone!

So condo loans are on my mind today. Many places are saying they don't do them. Just got a call a call from a bank -- up the road some. They had NO idea that many condos were considered condotels even though they are not!!

So what is Barr Group Doing about it?? Well we have signed on with three NEW lenders that are FABULOUS for condos. One has NO questions -- 25% down, one has a quesitonairre with 3 questions, and the other is very conservative on them.

Here in Gulf Shores, we are doing San Carlos, Pheonix Units, Beach Club, Surf Side Shores etc... I could just keep naming them.

You have a condo loan? Send it our way!

Give us a call 251-975-1800, we will fix those problems :-)

Helga

Did you know.....

1) Almost all of Baldwin County is eligible!

2) The income limits have increased to over $73,000 for a family of one to four!

3) There is NO mortgage Insurance?

4) You can finance up to 100% of the APPRAISED value!

5) You DON'T have to be a first time homebuyer!

USDA loans have been feeding my family during this mortgage crisis. They are easy loans to do. They are fun loans too. I love putting small young families into thier first homes. Although the program does not require that you be a first time homebuyer. That is what I see alot of with these types of loans espically with the Tax Credit. More on the Tax Credit later.

Are there any condo lender out there? The answer is yes. No loans are perfect now a days, but we still have outlets for condos. We are still closing them. Barr Group has been approved with two new lenders that are "condo friendly" lets see how they go. We should have conditions on our first loan early next week. If you are interested in knowing how it goes, just let me know. Have a great weekend and MLK day!! Helga