You can still get money to buy in the Southern Utah Real Estate market!

One of the biggest false assumptions that I hear on a day to day basis, is people do not think they can get a loan to buy a house. The fact is you can. Sure, it isn't the same as it was in 04',05',06', when the application had one question: "Are you mostly alive?".

That being said I have a good friend who is a local lender, in a rock solid bank, (they are not going under ever!, let alone anytime soon), that tells me he can finance people under the following criteria:

Conventional 30 Year loan.
5% down
verifiable income, debts and assets
FICO score 680 plus.

That is not too bad! Even as a realtor, I see the value of people having money to buy a house. It actually makes the market far less volitle and appreciation much more constant and building slowly over time. Additionally, it keeps prices down, which means people who actually are born and raised here can still live here without having a to go away for 10 years and get phd so they can see be some off-site webinar consultant.

While it is important to be aware of what is going on in the national arena, I kind of like this little video clip that the Home Builders of Utah put out. It only takes about a minute and a half to watch so please check it out. Click here.

If you have the money, credit, and job, maybe it isn't such a bad time to buy a home. If you don't, once again, maybe it is time to follow the admonition of our friends from the Home Builders. Click here.

In any event, if you or anyone you know needs any real estate help at all, it would be my honor to help. Thanks for reading. Comments are appreciated.

Joe Langston