Have You Called Your Banker Lately?

I have been holding open houses a bunch this spring and been hearing this a lot; “I can’t qualify for a loan.” My question right back to them is, “when was the last time you talked to a banker?”

I think there is a big part of the population that believes that the banking industry is so damaged that there is no way out of this mess we are in. These folks may or may not have been burned in this last downturn. Some of them have just heard the horror stories and didn’t even face it themselves. Either way, they are gun shy. Understandably. However, the banking industry is not a sinking ship, not by a long shot. There is wide variety of loan programs available to all sorts of individuals. You don’t even have to have a FICO score of over 600 to qualify for some loans! At Guild Mortgage you can get an FHA loan that is only requiring $1,000 for the down payment and only 600 FICO score! (Contact Rebecca at Guild Mortgage Company and she will verify this for me.)I have a feeling that these gun shy Americans are not aware of that. And that is because they haven’t picked up the phone and made the call to their lender.

Many folks that I have talked to about this say that they talked to their lender over a year ago, heard that they couldn’t qualify and they left it at that. The reality is that a lot of these programs weren’t available back then, or their particular lender couldn’t offer it. It would be a good idea to call again to get the new information that is constantly coming out regarding loan programs. Plus, don’t just call one lender, get a couple of opinions. It is a fact, one bank can do what another bank cannot. Stay on it, there is a program out there for you.

The title of this blog is “Have You Called Your Banker Lately?” It could easily have been “Have You HUGGED Your Banker Lately?” You might be pleasantly surprised what the right banker can do for you!

Happy Buying!

About Jeff Hansen, Realtor in Colorado

Search for homes here; www.jeffhansen.remax.com for FREE. Licensed Real Estate broker with RE/MAX Professionals at 10135 W. San Juan Way, Littleton, Colorado 80127. I have been a Realtor Since 1992 and provide Free Real Estate Advice Realtor in Littleton, Colorado and the Metro Denver Area, A Real Estate investment company focusing on the buyers and sellers of homes, also including fix and flips and rental properties, Listings and all sales of realty. (303)794-4530 Disclaimer I will not receive any compensation or take on any liability because of any conversation on this or any related web page w/o any written brokerage agreement. And there will be no relationship actual or implied because of any conversation on this or similar pages. No written agreement, therefore. AND Differ from state to state, so check your state's rules.
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