Just trying to get back to the original posters message. I spoke to a mortgage broker today who said she has a 100% financed loan for her buyers through Wells Fargo. I told her that I heard from someone that Wells was doing only 20% down loans and she said that is not true for conforming loans. She said that for conforming loans Wells still does have a 100% financing option.
Now that the conforming loan limits are going up, that may indeed help people like Ranjan.
Ranjan please comment if you can. Was your post for a loan above the conforming limit?
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Please do not confuse this post of mine with being bullish or telling people to buy now… yada yada yada…
As always I am just trying to post facts that I dig up. (Except when I say “this is a speculative comment or an opinion”)
SD Realtor
ps – Yes I would much rather have tighter lending standards as well guys.
