FHA Loans Picking up Subprime Slack

Since the subprime mortgage meltdown, the Federal Government through the FHA has been picking up the slack. Recent homebuyers with suspect credit have been successful obtaining loans through the government organization. The process tends to be lengthier and more paper intensive, such as requiring the buyers to produce tax returns and financial history. While this process tends to take longer, it has stepped in for the subprime mortgages and allows people to buy homes with less money down and easier underwriting criteria than that of current freddie mac and fannie mae packages. The FHA has a history of stepping in during times of crisis, such as during the great depression and world war II, and as recently as the 1980's where the FHA stabilized the market.

If your looking for your dream home, and think that the mortgage meltdown has left you out in the cold thanks to lower credit scores and less money available for a down payment, you may in fact qualify for a FHA loan and be able to purchase that home of your dreams! Contact Harris W. Gilbert today at (786) 371-4431 to find that home and move forward in today's market crunch. The current foreclosure market has left many great opportunities for home owners, it's time to buy in the State of Florida!

Harris W. Gilbert
Commercial Sales & Leasing
The Keyes Company Commercial Division
2121 SW 3rd Avenue
Miami, FL, 33129
Direct: (305) 779-1902
Cell: (786) 371-4431
harrisgilbert@keyes.com
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