I just spent an hour with a Realtor that was crying and moaning the "ain't got no buyer blues" and they are thinking about getting out of the business.......... My response...... GET THE F*&^ OUT!!!! The last thing the public needs is a crying, whining Realtor or Loan Officer!
Look, I am the first to tell you that things are tough. But they are not that tough! There is money for loans. I don't care what the media tells you. We have money to lend!!!! So does every good, capable loan officer on the rain. Don't believe me???? Call any of them. Here try Jason or Eleanor or any one you want.
Granted, things are not slutty loose like they use to be for stated income, but if you can document your income and have actually attempted to pay your bills, then yes you can buy a home!!!!! Down to a 580 credit score, you can own a home!!!! USDA Rural Development, FHA have money to lend..... Look don't comment that both just insure the loan.... without them there is no loan. Conventional loans to 95%....... yep still there! You might not like the payments, but so be it!
Bottom line......... GET OVER IT
I agree we need to let up on the self employed and bring back stated income, BUT you know what, no one held a gun to John Q Public's head to buy homes, most thought that the boom would go for ever (such fools) and you won't get it so easy again. But there is business and smart professionals are getting it done.
ARE YOU ONE?
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