Some New-Fangled Loan Programs Coming Around

There's been a program for teachers (if I'm recalling correctly) that they can do 100% financing. Another that buyers can do 99% financing.

Once of my fave lenders sent me some info a week or so ago about a silent second, sorta, type of loan program.

And, now....a little behind in my reading....I see another that is doing 3% down, offering 1500 in closing costs 'grant' money & a gift certificate to Home Depot for $2000.00!

Not quite sure why I'm seeing this, but I DON'T think it's going to create the fiasco we had a decade ago. I think, my opinion here, that the lenders are looking for any way to get additional business.

I'm don't really think they are being heroic to help First Time Buyers....I think they just want their business...IMHO.

But, that's okay with me. Whatever can help a buyer get into their home...as long as they aren't over-extending...I'm all for it.

So, please, no "Interest Only or Adjustable Rates" for the newbies....I don't think they have the experience to deal with those!

If you need the name of a great lender, I've got a few!!