Best place to get a Loan?

[Bill Lundberg]

Originally Posted by chiefs1okie

Yes, through July. $8000 First time homeowner, or not on property deed last three years. $4500 for current homeowner looking to move up.

FHA does in fact have very competitive rates and in most cases is lower than any other conventional lender.

Qualifications are minimal with the biggest criteria being 640 mid score and no derogatory credit in previous 12 mos.

Re-Fi cash out loans are also available through FHA for up to 85% of home appraised value.

P.M. me if you have any other questions I can answer for you.

You're closer, but not quite there. It's up to $8,000 for first time home buyer (a person who hasn't owned a home in 3 years) and up to $6500 for everyone else. The new home must be under contract by April 30, 2010.

Here is a great resource.

http://www.federalhousingtaxcredit.com/