Local lender comments on our area

Just giving everyone heads up.  I know everyone is looking for every option to finance and it looks like Ship is now about impossible.  I just got off the phone with Leanne over at Okaloosa CDC. She said they have tightened the guidelines for SHIP and they are down to 2 funding’s per month. I had a girl that just wrote a contract to close in March and Leanne said they can’t even put her on the books until May. She also said that they use to be able to have a contract before income verification but because of new guidelines, the borrower can’t write a contract until an award letter has been issued by them. Just wanted to give you this info to distribute. Leanne’s number is 850-863-1969 if anyone has any questions and I’m attaching the new guideline packet so everyone has it.

As well, most bond money is out!  Still our best 100% financing programs are Rural Housing, VA and FHA Genesis.

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