Remember all of those buyers that fell out of contract last August and September
when the mortgage bubble popped….

They become what we can ‘reluctant tenants’

Those buyers were washed out of the housing market and forced into being renters.

Here is what you need to know….
With the recently passed new guidelines for FHA mortgages now all borrowers can get FHA loans
for up to $729,750 depending on your local market.

Additionally, a Jumbo Mortgages limits will SOON be raised from $417,000 to $729.750. You read that’s right…you will get a FHA mortgage for up to $729,000. (depending on your local market) FHA criteria to obtain a loan are usually less restrictive vs a conventional or non FHA loan. A
borrowers ratios, credit score etc.

Remember, mortgage rates are now lower than they have been in years.

Do you see the opportunity?

Here is what you need to do NOW…

Call all those ‘reluctant tenants’ and let them know about these new programs. Next, call your local
mortgage broker and ask them for a list of all the loans they had fall apart as a result of the mortgage crisis….call those people now…so when the limits increase SHORTLY…you are in the driver’s seat.

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