Dallas, TX, April 02, 2015 --(PR.com
)-- Home Loans For All, the Dallas-based home loan specialist, has finalized plans to make its services available on a nationwide basis. Research and development for the project has been underway since last year, and is near complete. Confirmed launch date is Spring of 2015, to coincide with the best listing season.
A Buyers Market
Despite a peak in home sales, Home Loans For All says that it is still a buyers market in the national housing sector. Although real estate values have continued to climb, they are far from peaked, according to statistics from National Association of Home Builders (NAHB). What has peaked, however, are advantageous credit conditions, especially for those dealing with less than perfect credit. HLFA points out that down payments are now as low as 3% for a conventional home loan. Lenders are now making exceptions for borrowers with combined FICO scores as low as 500, with certain conditions attached.
A Glut not a Rut
Home Loans For All has connected with all the major specialty loan outlets, and assimilated all of the relevant guidelines for home buyers with dings on their credit. As the home market continues to recover and accelerate, many homes that were previously in foreclosure or had been moved aside are now being ushered back onto the market by banks who want to clear inventory. The process has served as a dampening effect on a market which might otherwise quickly overheat and price less fortunate buyers out. This was the case in the last housing bubble of 2008 where inventory was slim, and credit dried up just as housing prices were at a pinnacle. “We’re seeing that many lenders want to move money, and move houses quickly,” says Randy Abbe, spokesman for HLFA. “That’s having a great effect for home buyers who think they don’t qualify.” Mr. Abbe says that now is the time to make a move and contact a qualified credit specialist in order to get pre-approved. His company matches people with the right lenders at https://www.homeloansforall.com, where they only have to enter their information once and HLFA does the rest.