Joseph Griffin's (joegriffin21) Blog

FHA is tightening their lending requirements and very shortly raising down payments from 3.5 to 5 percent. Minimum FICO scores have gone from 580-620 and buyers are feeling the crunch. Credit card companies are lowering credit limits thus creating higher debt to limit ratios which in turn lowers ...

  Credit companies and FHA tightening their belts Tyler Brennertyler.brenner@metrobrokers.comFriday, October 23, 2009 View printer-friendly version  If you're working with a buyer who is waiting until the "time is right" to purchase a new home, you may want to tell them to get a move on. Several...

I totally agree with the centralization of appraisers as independent entities.  Banks, brokers, agents, and homeowners had too much influence over appraisers especially the ones in which you sent repeat business.  The problem now is since banks have to pick appraisers from a pool, they dont know ...

FHA has increased its mortgage financing limit to $346250 for the 28 counties surrounding the metro Atlanta are.  This represents an increase of approx. $25,000.  A 580 could do the trick.  Give me a call for a free pre approval.

As banks tighten lending this year, it will become vital that you improve your personal credit profile.  20  points could mean the difference between a prime and subprime loan.  Checking your credit will allow you to see what lenders see in advance.  Take the time to order all 3 credit files and ...

Buyers in todays market are having a difficult time finding conventional financing with a low down payment.  FHA is becoming THE option for todays buyers who may have had credit issues in the past.  Buyers must contribute 3.5% towards their downpayment, but that can come from family.  FHA is not ...

Dont believe the hype, real estate is having a sale....