Mortgage Insurance Companies are raising the bar by no longer insuring borrowers with credit scores below 700, and many lenders have an up-charge for those same borrowers.
As a Realtor what advice do you give to your clients that plan to put less than 20% down on their dream home?
Now more than ever it's time to talk about FHA.
In the Houston Texas area the single family maximum sales price is $271,050.
Minimum down payment is currently 3.5%, and MI is still very reasonable.
If you are not giving your clients the right advice, you may be setting them up for frustration, and disappointment.
By setting realistic expectations you will be providing the best service to your client, and they will thank you for helping to make their home buying experience stress-free.
I am an experienced Mortgage Consultant with many years in FHA and VA lending in fact my company specializes in these programs with The FHA Fast Program.
It's time to add an expert in government lending to your list of preferred partners.
Call today! Bob Ware 281-961-4241 bobware.4mtg@gmail.com
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