469,510
I love being Fat Happy & Attached. It sure beats the days when I was Very Available. Whooops I thought I was on a different site.
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Alan May
Evanston, IL
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Carol Williams
Wenatchee, WA
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Mel Ahrens, MBA, Kelly...
Hood River, OR
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
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Peter Testa
Danbury, CT
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Bob "RealMan" Timm
Minot, ND
5,104,806
They provide access to housing to people who might not otherwise be able to purchase.
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Carol Williams
Wenatchee, WA
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Doug Dawes
Topsfield, MA
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Kathleen Daniels, Prob...
San Jose, CA
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Ron and Alexandra Seigel
Carpinteria, CA
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Richard Weeks
Dallas, TX
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Bob "RealMan" Timm
Minot, ND
-
Dan & Laurie Pittsenba...
Bellingham, WA
5,215,388
Credit requirements, smaller downpayment and relaxed backend ratios. Increases the ability to qualify!
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Carol Williams
Wenatchee, WA
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Doug Dawes
Topsfield, MA
-
Debe Maxwell, CRS
Charlotte, NC
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Ron and Alexandra Seigel
Carpinteria, CA
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Bob "RealMan" Timm
Minot, ND
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Dan & Laurie Pittsenba...
Bellingham, WA
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Nina Hollander, Broker
Charlotte, NC
3,416,038
First with FHA, about 90% of my buyers getting a mortgage use FHA. It allows buyers topurchase at an affordable rate, lower down payment and better ratios. VA rewards those who have goven their service to protect us and this great nation. With no money down and and allowing sellers to pay all the closing costs, it is a wonderul program
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Carol Williams
Wenatchee, WA
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
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Bob "RealMan" Timm
Minot, ND
-
Dan & Laurie Pittsenba...
Bellingham, WA
1,196,912
Two forms of affordable home loans.
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Dan & Laurie Pittsenba...
Bellingham, WA
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Nina Hollander, Broker
Charlotte, NC
2,240,836
What do you think is kennith Frazier ? It's like are air and water important. You need tailor made programs to fit the purchaser. Because your buyer does not always have a wallet or purse of enough cash to buy a home outright free and clear of a mortgage.
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Dan & Laurie Pittsenba...
Bellingham, WA
-
Nina Hollander, Broker
Charlotte, NC
7,834,939
These are excellent mortgage loan products for first time home buyers with limited funds.
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Dan & Laurie Pittsenba...
Bellingham, WA
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Nina Hollander, Broker
Charlotte, NC
757,885
Low down payments
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Doug Dawes
Topsfield, MA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
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Dan & Laurie Pittsenba...
Bellingham, WA
564,494
Two types of mortgage loan products.
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Doug Dawes
Topsfield, MA
-
Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Dan & Laurie Pittsenba...
Bellingham, WA
921,504
That's where the money is!
A significant percentage of homes are purchased via FHA backing or through the Zero down payment benefit of VA.
However, due to the 'non-sense' that is part of such programs, (abuse of home seller) many sellers would have preference for other programs like the CONVENTIONAL home mortgagee.
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Doug Dawes
Topsfield, MA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
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Dan & Laurie Pittsenba...
Bellingham, WA
4,881,462
Allows ten of thousand buyers the opportunity to purchase a home (The American Dream)
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
2,390,010
They lend large amounts of money kennith Frazier , what could make anyone more important to the RE business.
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
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Peter Testa
Danbury, CT
5,583,278
VA for vets who have no down payment...
FHA for those whose credit is not high enough for a conventional loan...
those, in my opionion, are the major factors...
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
1,196,588
government-backed, easier for buyers to purchase
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Peter Testa
Danbury, CT
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Doug Dawes
Topsfield, MA
5,228,997
What Wayne Martin said. Good luck with your studies!
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Peter Testa
Danbury, CT
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Doug Dawes
Topsfield, MA
1,239,801
It provides means to get a home mortgage. When competing with conventional no contigiency, these folks have a slim chance. I will let you research the reasons since you are taking the exam.
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
1,310,972
There programs fill the needs of certain buyers for whom they were designed to help.
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
508,218
They provide loan programs that might not exist without them.
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Doug Dawes
Topsfield, MA
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Debe Maxwell, CRS
Charlotte, NC
5,772,575
Nina Hollander gave you the answer. A
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Doug Dawes
Topsfield, MA
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Nina Hollander, Broker
Charlotte, NC
2,182,502
Low Down Payments and can qualify for larger mortgage amounts
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Doug Dawes
Topsfield, MA
6,392,879
Govt backed loans, lots of strings, but likely not that "important".
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Doug Dawes
Topsfield, MA
3,344,906
I wish you all the best with your real estate studies and your career.
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Doug Dawes
Topsfield, MA
1,502,848
FHA gives other options to people who can't afford conventional loans and down payments.
VA is a loan type to thank the men and women of our armed forces, that gives great options for them.
Both loans do come with a "price" as neither are as good in the eyes of sellers as conventional loans.
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Doug Dawes
Topsfield, MA
1,712,676
If they didn't exist you wouldn't be in real estate school. Instead you would be looking for other career moves.
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Doug Dawes
Topsfield, MA
2,781,013
these two promote and make it easier for certain people to buy Real Estate
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Doug Dawes
Topsfield, MA
4,935,551
2,060,946
3,125,255
They are necessary for people who need to get a mortgage. VA Loans are for Veterans who have served in the United States Military. FHA Loans are for those who do not qualify for a Conventional Loan.
1,543,225
VA is 50% of my business and the best loan on the planet.
FHA is 5% or less of my business and kinda sucks, but I get why some need/use it.
2,178,433
961,383
Just another tool in the loan toolbox. Finding the right loan is the same as finding the right tool for the job. If you only have a 20% down conventional loan, it may not be the right tool. So the job does not get done. VA and FHA may be better options for the borrower because it meets some need/criteria a 20% conventional loan doesn't.