Jan 10 2008
The Florida mortgage market and construction to permanent loans
With all of the Fannie Mae and Freddie Mac mortgage guideline changes that have made buying a new home in Florida more difficult; it’s nice to know our Construction to Permanent mortgage programs are being sought after by many Florida homeowners and more.
I know that Florida home sales are down, foreclosures are up and qualifying for almost any mortgage is causing several Florida mortgage lenders to call it quits. But we are talking with potential construction to permanent borrowers everyday.Â
Yes, the Florida contruction to permanent guidelines are a little more restrictive; I’m simply happy that the calls are coming in from our Web Site. In fact, I am getting calls and emails from local Florida mortgage competitors asking about how to structure and provide construction to permanent financing for Florida homebuyers.
Remember, when seeking advice regarding building your new Florida dream home; make sure you are speaking with a seasoned veteran of construction to permanent mortgages.Â
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