Excited about finding their dream home and ready to write the offer. One day on the market and 10 showings. Sound familiar?
You write the offer and you are 1 of 6 that day. Your's is FHA 3.5% down and it does not make it. Seller is a little nervous in case the appraisal is low. Conventional WON!
How many times has that happened to you and your borrower? How about a 3% Conventional Mortgage?
Now that is what we are talking about. It is a great alternative. 3% down, 680 or above credit scores. So when your borrower is getting pre-approved ask about this alternative. It just may work for you.
Have an awesome week everyone.