What we are seeing in the Lender market

In the last few weeks we have really seen the lenders tighten things up. Thats not always a bad thing. The concern right now is that most if not all of the down payment assistance programs are going away. Those programs were ways for buyers to receive assistance with the 3% down required by FHA. Speaking of which that amount is expected to go up to 3.5% in the next few months. St. Marys and Kingsland is seeing a bit of an increase in the number of resales going under contract. If you ever wish to discuss the market or learn more about Real Estate give us a call 912-882-5151 or check out our website at www.wowzarealty.com hope to hear from you soon.