home loans: When it Come to Mortgages in 2024, There Is A Butt For Every Saddle
- 01/08/24 08:19 AM
When Mortgage interest rates started to rise in the fall of 2022 it caught many if not all home buyers off guard. As rates rose quickly from the 3's to the 7's it quickly changed what had been a runaway train real estate market to the Little Red Train trying to get over the hill. As rates stagnated above 7% mortgage lenders had to come up with new and unique ways to bring affordability back to home buying. More: See All Homes For Sale in the KC Metro While rates have finally started to come back down, they are still high in comparison … (2 comments)
home loans: Get Approved for an FHA Loan with a 500 credit score in Johnson County Kansas
- 01/21/11 06:24 AM
I hear a lot of lenders and Realtors say that FHA requires a 620 credit score to get approved for a loan. Well if you have been looking to buy a home in Johnson County Kansas over the last 2 years you will find out that it is mostly true. It is true that you have needed a 620 credit score but what wasn't true is that FHA required a 620. FHA loans don't actually have a requirement, it was the lenders enforcing higher standards due to a increase in foreclosures the last couple of years. Well the lenders have found … (0 comments)
When Mortgage interest rates started to rise in the fall of 2022 it caught many if not all home buyers off guard. As rates rose quickly from the 3's to the 7's it quickly changed what had been a runaway train real estate market to the Little Red Train trying to get over the hill. As rates stagnated above 7% mortgage lenders had to come up with new and unique ways to bring affordability back to home buying.
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