618 N. Iron Wood, Mescal Lakes, Benson, AZ
New listing in Mescal Lakes area of Benson, Cochise County. 1575 sq ft site built home on 0.26 acres. 3 bed/2 baths, split bedroom plan and great room. $136,000.
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Resource: HUD
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Is it not time for lenders to start lending? The lending market is almost is a state of paranoia looking for ways to guarantee that a borrower is credible. Meanwhile buyers wait to purchase.
In an article in the REALTOR®Mag on-line magazine titled “
Lenders Are Studying Shopping Habits” we discover that, “Lenders are experimenting with alternative ways to check borrowers’ credit.”
The lending process has really slowed the purchase process. We had a client who just had a deal fall out. The client was in escrow over four months, first with a mortgage broker then dealing directly with the lender, to only discover she did not qualify. Four months! Seems like a diligent mortgage broker or lender should have discovered that very early during the application process. Or did the rules change?
We keep looking for a good mortgage broker who knows his lenders and can react quickly. Especially one who can finance manufactured homes. And is it too much to ask for one who can do FHA backed loans? If you are out there, please contact us. We cover Cochise County, Arizona.
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