Are Buyers Getting Mortgages for Deer Park NY Homes?

Are Buyers Getting Mortgages for Deer Park NY Homes?

This is one question I'm asked from Deer Park NY homeowners and buyers. Sellers think buyers aren't getting mortgages and buyers think it's very difficult to get a mortgage. Both are just not true. Stop watching the national news. Real estate is always local.

Yes, you need a job, cash in the bank for the down payment, good credit scores and a maximum of 4 to 1 debit to income ratio. Some banks will go a little higher but not much. The days of getting a mortgage as long as you have a heartbeat are over.

So far in Deer Park NY for 2012, there are more buyers getting FHA mortgages than conventional mortgages. 3.5% down helps people buy a home they have been saving years for.

The chart below represents the mortgage products buyers are getting to buy homes in Deer Park NY:

This chart is from January 2012 through November 30th, 2012. As you can see more Deer Park NY buyers are qualifying for FHA mortgages than any other mortgage product. Conventional comes in second and Cash being third. 133 homes have sold in Deer Park NY in 2012.

Call/Text Jackie today (631) 703-0201 when you are ready to sell and/or buy your Deer Park NY home.