North Kona Home Sales

By: BILL TRABUE, HLC Sales-Manager COUNTRYWIDE HOME LOANS

Where have all the mortgage companies gone? With subprime worries dampening the mortgage industries, American Home Mortgage going bankrupt, other Lenders cutting their programs it is good to know Countrywide is still here.

We have made a change to our expand criteria (stated, no ratio and reduced doc) 100% LTV financing is no longer available for these products. 100% financing is only available on a Full Doc loan and is subject to credit rating. On the bright side of things expanded criteria is still available up to 95% LTV. either with Lender paid MI or 80/15.

Another opportunity for purchases $225,000 or less is FHA whereby the seller can gift to a non-profit agency sufficient funds to assist the buyer in getting into the house with little or no money down and as FHA does not go by credit scores(only the use of credit not the abuse) this is a great tool for sellers to assist buyers in the purchase of their homes.

Sub-prime is still available with Countrywide and it is still a toll for the credit challenged to get into a home.

Anyone who had a loan pending with another company that has changed programs or gone away, give me a call right away and I will give that loan my special attention and try and close with in 10 days. (Bill’s 866-913-5363 number is toll free and goes right to his cellphone. He operates from the Countrywide office in Merrit Island, Florida.)

Joyce Murphy, Realtor Broker BIC
Accredited Luxury Home Specialist
Hawaiian Isle Real Estate LLC and Luxury Real Estate Florida, Inc.
“In Real Estate, Experience Counts!”
808-443-4302 / 808-327-1155
More Kona Real Estate Information at:
www.LuxuryRealEstateHI.com
SO YOU HAVE IT FROM THE SOURCE. Countrywide still has 95% Stated Income, No Ratio and Reduced Docs. Those are the programs individuals who are self-employed most often use. There is still money available. The interest rates have not gone through the roof yet. The prices of real estate are down. In the words of the National Association of Realtors, “The time to buy may never be better.” Call Joyce Murphy, Realtor (B) 808-443-4302

SEE PASSWORD PROTECTED POSTINGS FOR A CLOSER LOOK AT THE MORTGAGE MARKET AND YOUR REAL ESTATE.

Joyce Murphy, Realtor Broker BIC
Accredited Luxury Home Specialist
Hawaiian Isle Real Estate LLC and Luxury Real Estate Florida, Inc.
“In Real Estate, Experience Counts!”
808-443-4302 / 808-327-1155
More Kona Real Estate Information at:
www.LuxuryRealEstateHI.com

Filed under: Real Estate Information