I don’t know if this makes me feel better or worse … and setting my moral/fundamental/gut apprehension aside about the government being a lender, maybe this is a “good thing.”
Just wanted to calm some frazzled nerves and reassure you that contrary to some crazy rumors flying in the financial world, folks can still buy homes and get a mortgage. We are doing mortgage loans at Century-21 Mortgage all day long and we want MORE! As a matter of fact, due to hiring more processors to speed up our government area, we can now close FHA and VA loans in under 30 days.
Did you know that Century-21 Mortgage is the only non-bank in the industry with an investor grade bond rating? We are not a bank so we don’t have deposits that could cause a bank failure due to customers making a run for their money. Our money comes from Fannie Mae and Freddie Mac and since they were taken into conservatorship by the federal government, I think you would agree we are actually more stable than a bank since we have the government writing our checks!
So sell some houses. Use Century-21 Mortgage with confidence and let’s stimulate this economy!
*I am a Realtor affiliated with Century 21, but haven’t used them for several years (not that I wouldn’t, I just haven’t had a reason to).