Real estate blog entries tagged with reserves by Rain Wallace 801-971-0030 (SecurityNational Mortgage Co)

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Home : Blogs : Rain Wallace 801-971-0030 : Rain Wallace Mortgage Blog : Tag "reserves"

reserves: "Reserves" the magic word. - 09/16/07 11:54 AM

You can still buy a home today with little or money down in Utah with a couple of good tips. Agency loans like MyCommunity and Home Possible are still making loans to home buyers with no down payment. The rules for qualifying for these loans have tightened up in effort to reduce the chances of exposure to foreclosures for the lender.
Fannie Mae, Freddie Mac and FHA all love to see reserves for borrowers; which helps enormously in getting approved for a no money down loan. What lenders like to see is a minimum of two months the buyers proposed mortgage payments with taxes … (3 comments)

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Rain Wallace 801-971-0030

Salt Lake City, UT

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SecurityNational Mortgage Co

Address: 6965 South Union Park Center Ste 470, Cottonwood Heights, UT, 84047

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