One of the things I like most about Real Estate Lending is helping a customer and their family realize the dream of homeownership. I feel a personal responsibility in helping a buyer not only get approved for financing, but making sure they are approved for the best possible financing for their situation.
Finding out what the "best possible financing" is the challange that I really enjoy. It may take shape in a "regular" conventional mortgage, it may be FHA, VHDA or Rural Housing. More often, however, a short term loan may be the best option.
Working for a Bank, rather than a traditional mortgage company allows us to get somewhat 'creative' with financing options where we can think outside of the box to get buyers into homes. There are, of course, qualification quidelines that need to be met, but there are some cases where a traditional mortgage isnt the best course. We can (and do) utilize the more traditional options out there (VHDA, FHA, Conventional), but having the flexibility get creative is a must in this market.
Keep this in mind if you have the following situation:
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- Buyer with a home to sell
- Buyer that doesnt want to liquidate assets tied up in a down stock market
- Client buying a home in need of repair
If you have further questions about this short term solutions or any of our traditional programs, dont hesitate to call.
Jay M. Brown
434.944.5191
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