Florida is at the forefront of the mortgage crisis currently facing our great nation. Five Stars Mortgage is at the cutting edge of lending programs in Florida and nationwide.
We belive that 2009 will represent just as great a challenge as 2008 if not more of a challenge. Financial institutions are still strangling the housing market with their tightened underwriting guidelines and down payment requirements.
Florida financing will continue to rely heavily on the few remaining low downpayment programs that will assist in burning through our glut of housing on the market. These programs consist mainly of
- Florida FHA Financing
- Florida USDA Financing
- Florida VA Financing
Five Stars Mortgage is proud to continue to offer these and other programs to our Florida clients. Now more than ever it is critical that consumers get a fair and informed loan offer from a reputable Florida Mortgage Company.
2009 will mark the proving ground for the remaining Florida Mortgage Companies. Many estimates put the mortgage job losses at 60% of their high at the end of 2008. We expect to see further losses into 2009 and we look forward to strengthening our bonds with realtor and builder partners and further widening our current client base.
Happy news years from the staff of Five Stars Mortgage… we look forward to continuing our efforts to become the premier Florida mortgage source in Florida!