acarr
04-19-2011, 03:44 PM
Is anybody looking at buying a new home in this market? I live in Arizona and we have probably been hit as hard as anybody. Getting a loan is dang near impossible even with great credit. Let me know your stories.
I started off selling my house in 10 days and was going to use that money for the down payment on another. Well two days before close the buyers didn't qualify. So off to find alternative financing. Scrambling for 4 days to find another loan, my house sold again...hopefully for good this time. It closes on the 28th. The new house we bought closes today and I got in with less than 3% down on a jumbo loan. There is some lending available but it is really a lot of work to come by. I think I am more excited about what cigar I need to pick out than moving into the new house! Actually, I just don't want to move twice in a month
I started off selling my house in 10 days and was going to use that money for the down payment on another. Well two days before close the buyers didn't qualify. So off to find alternative financing. Scrambling for 4 days to find another loan, my house sold again...hopefully for good this time. It closes on the 28th. The new house we bought closes today and I got in with less than 3% down on a jumbo loan. There is some lending available but it is really a lot of work to come by. I think I am more excited about what cigar I need to pick out than moving into the new house! Actually, I just don't want to move twice in a month