Key Items to look for this year:

1. The Federal reserve will start to buy out mortgage backed securties this month!

2. We might see the 30 year fixed rates for purchase of conforming conventional, FHA and VA loans down to 4.5%

3. FHA increased down payment requirement. 2009 miniumum down payment is 3.5% (may be as a gift from family member)

4. Jumbo loans for LTV less than 60% and good credit is in the mid 5% range today!

5. Rate buy downs are the rage....Negotiate permanent and temporary buy downs to increase the amount of house for a buyer can afford.

6. 100% finainacing is still available...Veterans can still go 100% and with B of A we offer 100% for doctors and both with NO PMI!

7. Slow pays and borderline credit is still an option.....FHA will take credit scores down to 580!

8. Purchase contracts are up already in New Hanover county vs. last year at this time. Work the rates to your buyers advantage!

9. First Time home buyer credit is still available for new home owners to claim on their taxes.

Call Dale Lacy for more info 910-256-0268 Type 1-10