Any offer is subject to the bank’s approval, but the owner still has to sign the paperwork.

(These programs are meant for investor.)

ThanksWe'd like to throw our hat in the ring as we directly deal with these programs in bulk.

To give you an idea of how big this guy is, 2 years ago he built a retirement community of 154 house, and it was a cash deal, as the bank tried to alter the terms of a loan once the parcel was approved.

I was just looking at a property for 36k and was approved and had an approval letter in 2 hours.Many small local banks will give you loans on lower value properties if you can show that you personally can cover the mortgage and if the property cash flows that makes it a lot easier as well.Just try a small local bank...

In my brief time as a loan officer for a mortgage company, we usually wanted to see 2 years at a job, or at least 2 years in the same field.There used to be loan programs that would get around having to say what kind of job you have, but ever since the market has been going down guidelines have changed and its probably been about 6 months to a year since I have seen one work.

Is it possible for a first-time home-buyer such as myself to assimilate all of the information from books/Internet research/television programs, maybe some phone calls from a realtor relative, but not go with a real estate agent?

I would love to get some examples of offer letters used when you are getting a deal approved by a bank.

If anyone has a program that will get through (with a lender that isn't afraid to appraise correctly), please let me know, as I plan on buying a lot more houses in the KC (and Birmingham, AL) areas.Thanks.

If the prime rate was to climb a few points, I am willing to bet all the banks will jump back on board.I have not had a problem with my HELOC from my credit union to date (knock on wood) and they seem to have the lowest rates, lowest fees ($0), and the simplest approval process.