loan products: A Return To Traditional Loan Requirements - 03/31/07 03:57 PM
Look for the return of the traditional down payment as it grows harder to find a 100% loan, particularly a sub-prime one.  While No-down loans will still be an option for those with good credit, nervous lenders are becoming acutely interested in ensuring that borrowers don't over commit.   You still are going to be able to buy a home, but you will be expected to put something down.
The self-employed and those with marginal credit are the ones who will really feel the changes trying to get a sub-prime, Low Documentation (Stated Income) product.  Stated Income loans were great for self-employed people that had good income, but took lots of tax deductions … (0 comments)

 
Angel Tellez, PLLC (West USA Realty, Inc.)

Angel Tellez

PLLC

Avondale, AZ

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West USA Realty, Inc.

Address: 16150 N. Arrowhead Fountain Center Drive, Suite 100, Peoria, AZ, 85382

Office: (623) 487-5096

Mobile: (623) 262-5699

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