Renae Stucki Realtor found this article last week on CNN Money website about some banks that are helping homebuyers with little cash on hand qualify for loans.
You can read the article HERE.
When the bubble burst and banks were being cautious about every single loan they were giving out… (Partly due to regulation and government oversight)… Home buyers were required to come to the table with 20% and in some cases 25% of the purchase price in order to qualify for a loan.
Although not much has changed since the bubble burst, we’re finally seeing banks start to pull back on these stringent rules and finally offering deals more Americans can afford.
With 5% down, most Americans can find a way to get into a home and with interest rates still hoovering at low levels, now more than ever is the time to qualify and start shopping for your new home.
Call Renae Stucki today and let her help you find the home of your dreams!
