Mortgage home loan answers
Learn about mortgage home loans and rates.
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Do you think it’s going to be harder to obtain a home loan?because of Fannie Mae and Freddie Mac?
Posted on January 7th, 2011 4 comments
Debbie V asked:
What Happen with the Senate mortgage rescue plan? was that a new plan create for first time home buyer’s?I’m getting ready to buy my first home I was pre-approve for a FHA loan of 180k do you think any of this will affect me.
I have a good job and the 3% down, and my credit score is 710
JessieRenting & Real Estate Credit Score, Fannie Mae, Fannie Mae And Freddie Mac, Fha Loan, First Time Home, First Time Home Buyer, Freddie Mac, Good Job, Home Loan, Mortgage, Senate, Time Home Buyer4 responses to “Do you think it’s going to be harder to obtain a home loan?because of Fannie Mae and Freddie Mac?”
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Perhaps. No one knows for sure from one day to the next. Some lenders will take a loan all the way up to the day before closing, then decide not to fund it. Your situation doesn’t sound like you would have any issues. Best of Luck!
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Mark C January 10th, 2011 at 13:11
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Landlord January 13th, 2011 at 01:41
They are going to tighten down, and I am expecting the interest rates to start jumping up.
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tkahrs12122 January 16th, 2011 at 00:24
You might be required to make a larger downpayment.
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alterfemego January 7th, 2011 at 18:26