Absolutely not! Yes it is true that many of the mortgage guidelines have tightened and many programs have been discontinued due to the meltdown in the subprime lending sector. This so -called meltdown has impacted lending practices and has taken its toll on the stated income, subprime and even the Alt "A" loans.
HOWEVER, if you have decent credit and can verify your income, there are still many, many little or NO Down Payment loans available. This is a buyers market for the Full documentation and good credit borrowers!! In addition to Fannie Mae & Freddie Mac both offering their proprietary zero down products, the FHA is still lending to borrowers with 2.25% down, and the seller is allowed to pay your closing costs.
If you've been waiting to buy because you didn't have a down payment, Don't wait any longer!! With interest rates at the lowest point we've seen in years, and housing inventory is at the highest levels we have seen in years, it is a buyers market!!
Do you want to buy a house?? It all starts with a FREE E-Kit. A mini website delivered to you via e-mail. Visit my website at www.ZeroDownNJ.com to get yours today!! To find out if you can buy with Zero Down, and how much you can qualify for, contact me for a no obligation mortgage consultation. I look forward to speaking with you soon!!
Yes you can own a home of your own with little or No Money Down in 90 days or less!!!
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