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Hoffman Estates IL Townhomes - What type of financing are buyers using?
There has been much confusion lately it seems on the advantages and exclusive use of FHA financing and I wanted to check & see what is going on in our area.  As all real estate is local, let's see what is going on just in Hoffman Estates IL townhomes.  (I mean condos, duplexes, manor homes, coach homes, etc. in this reference).What I found was actually quite eye opening as what the media spin would like us to believe and what is actually closing are two different things.  Two good financing posts recently are very conflicting.  John Mulkey, did a post on the major use of FHA financing from the head of FHA.  There are worries that the system might be overtaxed, overused and could lead us again into financial disaster.  Another point of view from a loan officer, Janet Guilbault states that FHA loans are such a financing staple now (crack heads reference) across the nation, it better not being going anywhere soon!  When it comes to Hoffman Estates IL Townhomes and our area - FHA has always been a valuable financing option just because of the low down payment to qualify.  With the new lending guidelines, FHA is also much more lenient as far ... more

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