Isn't it impossible for me to get a home loan?

Home loans are readily available for FHA financing, for individual purchases. Since the buyout of Freddie Mac and Fannie Mae, by the federal government, funds availability for individual home loans has been flush. This type of financing will require a 3.5% down payment as of
January 1, 2009. However, 100% financing is still available in rural areas that qualify for USDA rural development loans. Contact me today to discuss other options.

Are all homes in Foreclosure?

No, contrary to popular belief, only 2.5% of nationwide mortgages are in foreclosure. While many have labeled the current financial crisis the worst since the Great Depression, it is important to keep perspective. In the height of the Great Depression nearly 50% of mortgages were in foreclosure.