Hilde's Mortgage Blog

After all the mortgage finance dust has settled, what options are left for the home buying consumer as financing tools?

In short, pretty much all the financing options we had up to about 4-5 years ago. Back then we had a reasonable housing market with financing available to borrowers able to document their income, their cash needed to close and their willingness and ability to manage their financial obligations. That sounds pretty basic, and it is.

We still have many financing tools available from zero or little down payment to 20 percent down or more. We still have our State Housing Authority, Alaska Housing Finance Corporation, which offers a spread of loan options with below market interest rates serving low to moderate income earning first time home buyers.

In short, yes, the sky has fallen on the easy money loaned so liberal that it overheated the housing market beyond sustainable. However, the tried and true sources and tools are still available today.