Subscribe to Answers
Financing is never a concern for me. I will take them all.
Every client is judged by how likely the deal is to close on time. A fed loan is better than no money, but there are better options.
I prefer conventional but dont' shy away from any type.
To me, it doesn't matter the type of financing, as long as the buyer is ready, willing, and able to buy. I try and stay out of the lending side, but oftentimes get pulled in because of one issue or another.
However, I must say that for some reason most of my clients use conventional financing.
I welcome all clients who are willing and able to buy a home, regardless of their loan type.
I sell all kinds of financing.. . . . let the client and the loan officer decide which financing suites the client's needs. . . . . pre qualifying the clients
No. FHA and VA buyers are an important element of our market.
If you work with first time home buyers, the programs with low down payments are attractive for many.
I can tell from experience with my clients putting in offers that some loan programs are (irrationally) judged harshly by listing agents and sellers- FHA being one of them.
In a sellers market where 60% of homes are sold 'Cash' I would need to know why the buyer must use a federal loan program. Their answer will reveal the likelihood of success. THEN I can make an informed decision.