Feedback From a Successful Buyer using an FHA Loan on an REO
Posted by Leslie Eskildsen on Saturday, September 5th, 2009 at 12:28pm.The ABC's of FHA loans on an REO
If you can make it past the alphabet soup of acronyms in today's Orange County Real Estate Market, you will find your way to success as a buyer. That, combined with a great agent who always has your best interest at heart will take you all the way to owning your own home, using the most popular financing vehicle in today's market - FHA financing.
One reason FHA loans are so popular is because of the low down payment requirement - only 3.5% - and you can often negotiate the seller to help with your additional closing costs.
One of the disaadvantages of being an FHA buyer is that you have stiff competition from all cash buyers and people with a larger downpayment. So you need some extra help to get your FHA offer accepted in this market, and often extra help to get the loan approved.
But there is a way to make it happen - even on an REO - take it from Toriana! Click here to hear her story!
What questions do you have about today's market?
Print
ShareBe the first to comment on this blog entry!
Leave a Comment
