Real estate blog entries tagged with 100 percent financing by Ken Stampe iBrandPlan (iBrandPlan.com

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Home : Blogs : Ken Stampe iBrandPlan : What does the internet say about you? : Tag "100 percent financing"

100 percent financing: Knee-jerk Reactions? - 04/03/07 12:41 PM

One of my pre-approved clients called yesterday to say that her Realtor wanted to know if I can approve her for a loan with 5% down-payment. It seems that there are increasingly more listing on the MLS with comments that 100% financing offers will not be considered. She has found 2 homes she liked but they didn't tender an offer due to that seller condition. While I appreciate the seller has the right to qualify a buyer and only wants to work with qualified offers, blanket decisions in our market seem like a major knee-jerk overreaction. This is still a buyer's market in Dallas.
I received a call yesterday from … (32 comments)

100 percent financing: 100% financing is alive and well, just not for sub-prime lenders - 03/13/07 10:43 PM

On Friday, Countrywide announced their maximum loan to value for sub-prime is 90%. This morning Option One announced the same limits. Also last week, New Century halted all loan operations and they were the 3rd largest sub-prime lender nationally. So what to do with your less than stellar credit clients?
FHA loans are still a viable and competitive product. Interest rates are low and there are no pre-payment penalties or other goofy stuff which lands home owner's in trouble with changing loan payments 2-3 years down the road. Conventional 80/20 still exist. They have more stringent qualifying criteria (680 credit scores) then … (31 comments)

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Ken Stampe iBrandPlan

Dallas, TX

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