Mortgage Market Conditions

Real Estate Agent with Keller Williams Heritage

I have received so many calls from past clients asking me what I think about the current Mortgage market conditions.

Today more than ever, I feel that my clients need to get their Real Estate and Mortgage news from me rather than CNN and the New York Times.

Lenders now have the audacity to only lend money to people who have a job and a credit history of paying their bills. How crazy is that? Well they should have made these changes several years ago. They did it to themselves.  "Everything is going to be O.K."

The San Antonio market is doing great. Money Magazine just listed San Antonio as the # 6 best real estate market in the country. Homes on average are predicted to appreciate 7 percent in San Antonio for 2007. Yes mortgage guidelines are stricter but rates are still great and now mortgage brokers are originating their loans to banks such as Wells Fargo, Chase, Bank of America, and other financially stable Mortgage lenders. You can still get an FHA loan with 3% down up to $200,160 and if you qualify you can get a VA loan up to $417,000. Some mortgage Companies are still doing 100% financing but the borrower must be solid as a rock.   

San Antonio still has strong Employment growth. Rackspace announced that they are going add about 3000 jobs to San Antonio. They want to do to San Antonio what Dell Computers did to Austin and this company might be able to pull it off. Microsoft broke ground on their new facility. The military keeps on adding personnel to San Antonio. I think this is a great time to buy. San Antonio is the 7th largest city in the United States and has the most affordable Housing market.  

So if you're in the market to purchase a home I can only imagine how you, looking for a home in San Antonio, must be feeling right now -- as if home buying isn't an exciting, yet intimidating process already! 

The reality is that if you have good credit and a solid income, you're going to be able to get a mortgage. The biggest variable is how much down payment you'll need.

So, what I want you to do is put us to the test. This is what we live for: a chance to study the mortgage climate and figure out the best ways to serve you, so that can buy that home in San Antonio.

Don't keep going in the dark; get your questions answered by calling us right now at 210-477-4900. or simply fill out the form at   and we'll give you a call back to discuss your specific situation.

Once we've done that, we'll get to the fun part of FINDING that perfect home for you in San Antonio.

I look forward to putting your mind at ease during this confusing time,

I have now been in this business for 21 years and I have never seen an opportunity like this. Anyway I am here to stay and if you need me I am available right now for you.

Richard Zepeda

Keller Williams Realty

2338 North Loop 1604 West

Ste 120

San Antonio, TX 78248

(210) 477-4900


Comments (1)

Jason Secor - Vestavia Hills, AL
Birmingham Alabama Real Estate - Hoover Homes for Sale - Property MLS

Richard, Hey man just wanted to say hello over hear on the Active Rain blog. I think your post on mortgage advice is even more prevalent today. Hope all is going well.

Aug 24, 2008 09:17 AM