Blacksburg and Christiansburg real estate and homes for sale in Virginia - Dana Orr, REALTOR® Dana Orr REALTOR(r) for Blacksburg and Christiansburg, Virginia real estate - NUMBER1EXPERT™ Dana Orr NUMBER1EXPERT(tm) for Blacksburg and Christiansburg, Virginia real estate

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Dana Orr, REALTORŪ, real estate agent and broker for Blacksburg and Christiansburg Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips
Financing Your Home >Lenders Want to Say Yes

If you wish to buy a home but consider yourself incapable of getting credit, you may be living in the past in terms of assessing your financial situation. Lenders have become more flexible in underwriting mortgage loans.

A recent survey of mortgage lenders revealed some interesting trends. Ninety-six percent of those surveyed had cut their standard down payment requirements for moderate-income buyers, and 93% said they are more lenient regarding debt-to-income-ratios. Ninety-four percent of those surveyed said they now have more flexible approaches to credit histories, and look at rent and utility payments more than credit cards. Seventy-nine percent of lenders say they have relaxed employment criteria. They now look more at your capacity to generate a stable flow of income rather than requiring a long history at one job.

There are more lenders today, and they are in fierce competition with each other. The home loan industry has created entire markets that cater to those with less-than-perfect credit.

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What criteria determines the hottest real estate markets?

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Job/personal income growth; population/household growth; housing affordability/appreciation; and current inventory of homes for sale.
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Dana Orr, REALTORŪ, real estate agent and broker for Blacksburg and Christiansburg Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Dana Orr
Coldwell Banker Townside REALTORS

220 Professional Park Dr.
Blacksburg, VA. 24060
Office Direct: 540-961-8215
Home: 540-953-1714
Cell: 540-230-8786
Fax: 540-953-1714
Email: danaorr@NUMBER1EXPERT.com

I can make your move to our community a real pleasure - whether you are an investor, family or young professional! If you are a VA Tech parent looking to purchase student housing, call me for expert advice on how to get into a townhouse with a low down payment plus closing cost. If you are moving your family here, count on me to find you the perfect home and get you acquainted with the community. Besides selling real estate, I am a soccer mom extraordinaire! I have lived in the New River Valley for 25 years and raised a family here. Between real estate and soccer, I don't find much time to cook, so I can tell you all of the best restaurants in town and also help you find the right pediatricians, lawyers, day-care providers, teachers and orthodontists for your family!

"The data relating to real estate in this web site comes in part from the Broker Reciprocity/IDX (Internet Data Exchange) Program of the New River Valley Multiple Listing Service, Inc. Real estate listings held by brokerage forms other than Coldwell Banker Townside REALTORS are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing broker."


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