April 8th, 2008 10:01 AM by Lehel Szucs
We are seeing happen to some of our buyers. They may have qualified for a program last week but that is no longer the case. Lenders are changing the level of risk they are willing to take frequently. There are still loans out there and we are finding that higher credit scores are required and typically a down payment also. FHA loans are becoming popular because they are easier to get into with a less money and the seller can contribute quite a bit.
If you want more information just call us and we will be glad to discuss with you what we know.