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Which Home Loans are Available Today - Your Washington DC Area Realtor

By Damon J. Brockenberry

Real Estate Agent with Keller Williams Preferred Properties DC: SP98364962 MD: 601648

October 12, 2010 02:54 AM

From 2001-2005, Interest Only, Adjustable Rate, & No Document Loans were the most popular loans used. Unfortunately those loans were used strategically to get buyers into homes they really couldn't afford thus came the crashing of prices and the increase of foreclosures on homes once those loans grace period was over and their monthly payment sky rocked. Now that the market has corrected itself FHA (3.5% of purchase price down payment), VA (Veterans Administrative - For Military & Family), & Conventional (Which requires 10-20% down) are the most popular ones used. Click here for more.

Damon J. Brockenberry (Damon The Agent)

Washington DC Area Real Estate Services

Servicing Washington, DC, Maryland, & Virginia

cell: 240-694-6460 e-mail: sold@damontheagent.com

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Dan Edward Phillips

Dan Edward Phillips - Eureka, CA

Realtor and Broker/Owner

Good Morning Damon, good information or current loans that are available.

Oct 12, 2010 03:15 AM

David Zuckerman

Millennial Home Loans, LLC - Sykesville, MD

Mortgage Broker - Low-to-no downpayment mortgages

The most audacious loan I ever saw was a stated income 100% financed negative amortizing option arm. The lender required 6 months of reserves and a 680 credit score so I guess there was some form of due diligence. One of my Loan Officers processed one of these loans in 2007. I am sure if I went back and looked up the house the borrower must have let it go into foreclosure by now.

Oct 16, 2010 11:17 AM

Which Home Loans are Available Today - Your Washington DC Area Realtor

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Damon J. Brockenberry

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