Accroding to Susan McKnight, our Real Living Mortgage, in a joint venture with Wells Fargo, Consultant in our office, Big news!!! Franklin and surrounding counties in Ohio are no longer designated a level three distressed market. Starting August 17th buyers now only will need 5% down on a conventional loan unless indicated on the appraisal over supplied or declining in which case they will need 10% down. The standard right now is 10% required down up to a possible 15% down. There is a light at the end of the tunnel!
Coldwell Banker Residential Brokerage, Lancaster PA - Lancaster, PA
Lancaster County PA RealEstate Expert 717-951-5552
I'm glad your area is doing better! Many regions are seeing light at the end of the tunnel. I hope it's not the headlight of another train coming...
Aug 10, 2009 04:09 AM
Aurora, CO
Your Mortgage Resource - (720) 83-RATES
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