Trish Brown

Qualifying for a loan in today's world is not an easy thing to do. Agents, if you have a customer that is dragging their feet when it comes to buying a home, let them know that if they wait for the prices of homes to drop, they may not Qualify in a couple months. If they want a home, they should purchase it now. If they wait they may not be able to buy a home. The qualifying credit scores are on the increase along with lowering the debt to income ratios. Today, everything must be documented and proved, something that we did not have to do less than two years ago. The industry is going to get tougher and tougher to qualify for a home. Qualifying will only get harder. Do your clints want to take that risk and not have a home, waiting for the market to "bottom out" or do they want to purchase the home now, when they can Qualify? This may be the question to ask?

BUY A HUD HOME FOR $100.00 DOWN. The U.S Department of Housing and Urban Development HUD, offers affordable priced homes to help homebuyers achieve their goal of homeownership. HUD homes are located in communities throughout the country and are one to four unit residential properties that HUD owns through foreclosure on FHA -insured loans.

HUD homes are a great opportunity for shoppers to purchase a home, and HUD is offering a special incentive program to make homeownership even more affordable! Buyers may qualify to buy a HUD property for as little as $100.00 down.

Remember, when buying a HUD home, homebuyers:

May qualify to buy with only $100.00 down payment, Must purchase the home as their primary residence and must use FHA financing.

I am an approved FHA lender and I am here to help mavigate the home-buying process. Give me a call or email me today at Trish.Brown@ProspectMtg.com

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Capital State Mortgage is the Preferred Lender for over 4000 Bank Owned Properties. Capital State Mortgage has strict guidelines when it comes to Bank Owned Properties, meaning that we must meet the timelines that are accepted on the purchase contract. We work with the Selling Realtor to provide what can be accomplished. Did you know that 30% of the loans for Bank Owned Properties fall out because of one reason or another, but Prospect Mortgage has a fall out rate of only 8%. Capital State Mortgage is highly qualified and knowledgable on the financing for Bank Owned Properties.

100% Financing is still available in today's world. USDA is still available in all of the rural areas in Arizona. What are the benefits of a USDA loan? USDA use to have pretty tight income limits, which have changed. Currently the household income limits are 73,600 for a family of 1-4 persons, or 97,150 for a family with more than 4 persons in the household. USDA allows 100% Financing, so if you were to put in an offer on a property that would qualify for USDA and your asking the seller to pay for the closing cost, you could actually move into a home for less than 500.00 which would cover the appraisal. It is your option if you would like to get a home inspection completed on the property. I do suggest that you do, just so that you know exactly what if anything is wrong with the property. The home prices are low right now, the interest rates are still low and there has never been a better time to buy than now at 100% Financing.