Despite what we are hearing on the news, the internet, and in the papers…..
Greater Atlanta Financial Services (owned by Wells Fargo) is still making loans to qualified borrowers!
Credit guidelines have certainly tightened, but not quite to the extent we are hearing. If your client has good credit, at least 3.5% down (which of course can be a family gift on FHA), and is buying within their means, then we can make the loan!!! We may ask for more documentation than in the past, and have an extra level of underwriting to go through, but the loan will close!
So the "credit freeze" is more of a "chill" … let's get the word out!
30 yr fixed, conventional: 5.875%
30 yr fixed, FHA: 6.00%
A Real Estate agent that works the (Georgia) Alpharetta, Down Town Alpharetta Roswell, Cumming, Johns Creek; Milton area. Over 32 years and 1760+ Past clients. Relocation, Short Sales and Foreclosures
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