Reality Homes: Large Growing New Home Builder Building Quality Homes with 100 Precent Financing in Oregon and Washington
Reality Homes Has Become a Huge Player by Putting People in New Construction Homes with 100 Percent Financing
By Israel Rothman, published Sep 29, 2007
Published Content: 47 Total Views: 15,467 Favorited By: 3 CPs
Hiline Homes, Adair Homes, Stanbrooke Homes, Mobile Homes are no match for Reality Homes Inc. When it comes to Eentry level homes for first time buyers, renters, mobile home replacement, and spec builders who need 100 percent finincing to be able to afford bulding a new home.
From PRWEB:
"Troubles in the U.S. mortgage
industry nationwide have caused many lenders to tighten their policies and
curtail many of the creative financing programs so popular among homebuyers
during the recent housing boom. This lending crackdown has left few options
for those without large cash reserves, but at least one often-overlooked
type of financing is still available in Washington and Oregon.
Troubles in the U.S. mortgage
industry nationwide have caused many lenders to tighten their policies and
curtail many of the creative financing programs so popular among homebuyers
during the recent housing boom. This lending crackdown has left few options
for those without large cash reserves, but at least one often-overlooked
type of financing is still available in Washington and Oregon.
People hear 100 percent financing and assume you are talking about the
risky piggyback loan programs that have now gone the way of the dinosaurs,"
says Reality Homes' General Manager Pat Eppright. "The lenders we work with
still offer a 100 percent financing option that is quite different, and
remains an attractive option for those interested in a new home."
Mortgage lenders traditionally require a 20 percent down payment, but
during the recent housing boom, many homebuyers found they could borrow it
by taking out a second or even third loan. According to one survey by the
National Association of Realtors, up to 40 percent of first-time homebuyers
bought their home with no-down-payment mortgages in 2005 and 2006. Lenders
assumed that rising home values would allow the homeowner to sell or
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Reality Homes: Large Growing New Home Builder Building Quality Homes with 100 Precent Financing in Oregon and Washington
FIFE Washington real estate listings, home buying, selling and ...
Credit: Realtiy Homes, Inc.
Copyright: Realtiy Homes, Inc.
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Takeaways
Did You Know?
According to one survey by theNational Association of Realtors, up to 40 percent of first-time homebuyers
bought their home with no-down-payment mortgages in 2005 and 2006.
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