We are climbing out!

By
Education & Training with Real Living HER

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!

Comments (2)

Brian Schulman
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
Nicholas Goraczkowski
Aurora, CO
Your Mortgage Resource - (720) 83-RATES

It is nice to start seeing a rebound. We can all hope that it continues.

Aug 10, 2009 04:49 AM