» First Time Home Buyer_Easy For Florida Real Estate

2007-07-25T16:56:00.000-07:00

First time home buying is now easy in Florida, thanks to the loan programs that Bill Burress, Nationwide Mortgage Expert has available.

Not long ago, buying your first home was almost impossible when applying for a conventional loan. Later, underwriting criteria relaxed and it became easier to obtain a mortgage for a first time home buyer. Now, with the ever increasing number of foreclosures, it is almost impossible for first time home buyers to get approved for their first time home purchase. Lenders across the nation have eliminated the conventional first time home buyer loans. What's worse is it seems that the few which are left have underwriting criteria that makes it impossible for most first time home buyers to be approved. The American Dream has become just that. With a little preparation, the American dream can become a reality. The first step is to fill out the 30 Second Inquiry Form

Many would be first time home buyers are being turned down for conventional loans for various reasons. Too low score, no verification of mortgage available, not enough trade lines, not enough reserves, not enough down payment, and it goes on and on. The lenders that say they can fund first time home buyers and then run them through the mill would better serve the public by eliminating their hard to get approved first time home buyer loan programs.

What happens when a would be first time home buyer applys for a loan is a credit inquiry is recorded at the credit reporting repositories. When a borrower applys for a mortgage loan, the underwriter reviewing the loan package sees the previous inquiries. When an underwriters sees the previous inquiries he/she can assume the borrower had been turned down by others whether this is the case or not. With a first time home buyer, its a sure way of getting turned down by a dicretionary decision of an underwriter.

Underwriters don't want to make approve loans that have a higher risk of default. Defaults go against an underwriter's performance review and can result in loss of job or income, however turning a borrower away does not go against an underwriter's performance review. It's safer for an underwriter to turn a borrower down that could be a higher risk. First time home buyers by nature are already considered a high risk because they have no mortgage payment history.

The situation exacerbates itself in a never ending cycle. The would first time home buyer goes from bank to bank or lender to lender and continues to be turned down. The inquiries pile up, their score plummets and the would be first time home buyer doesn't get to own their first home.

Bill Burress, Nationwide Mortgage Expert has a proven system to get the first time home buyers approved. Through his 27 years of mortgage originating experience, Bill Burress has found the best loan programs for his customers. He has first time home buyer programs that are unsurpassed. First time home buyers can be approved with without having an inordinant amount of credit inquiries.

Bill Burress, Nationwide Mortgage Expert can get first time home buyers with lower FICO scores approved and with higher loan to values. In many cases Bill Burress can get first time home buyers approved for Florida real estate with nothing down. That's right, zero down, 100% financing in Florida.

Bill Burress, Nationwide Mortgage Expert can help homeowners get approved for a cash out refinance loan with no application fee. For information on a cash out mortgage loan or any of your mortgage needs, You may contact Bill Burress, Nationwide Mortgage Expert at Toll Free 1-800-239-1416. or fill out the 30 Second Inquiry Form.
Bill Burress, Nationwide Mortgage Expert has over 27 years experience in the mortgage business.

Bill Burress is now approving real estate mortgage loans in the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming.
Copyright © 2008 Bill Burress, Nationwide Mortgage Expert. All rights reserved worldwide.

» First Time Home Buyer For Florida Real Estate

» First Time Home Buyer_Easy For Florida Real Estate