Short sales and Foreclosures still seem to dominate the market right now. With interest rates and property values so low if you are in a position to purchase a home, now is a great time to buy. Visit my website http://www.LonnyWilson.com to see some great deals. Fha mortgages still offer buyers the opportunity to buy a home with only a 3.5% down payment and Fha loans are still allowing the seller to contribute up to 6% of the purchase price towards your closing costs. Fha also has a Rehab loan known as a 203k. Essentially what this allows you do to is purchase a home that needs some repairs or isn't in the best of condition and actually finance in the costs to repair. Of course this loan has some restrictions, but it is a fantastic product.
Rural Developement and V.A. loans still allow the buyer to get 100% financing. Parts of Oakland County believe it or not actually qualify for Rural Development financing. I work with some terrific loan officers that really focus on meeting my clients needs and making the home purchasing process as smooth and headache free as possible. I know the process can be difficult and overwhelming. The most important decision you can make when buying or selling your home is choosing good, knowledgeable people to look out for your best interests. Check out my website for more info and Free Oakland County Michigan Foreclosure lists at http://www.LonnyWilson.com
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