Correction: Mortgage company rep says this is actually good time to buy for peope who've less than perfect credit
Published DateA quote in a front page story about housing prices in our June 28 edition incorrectly attributed a quote about home buyers needing perfect credit and a needing house in very good condition to Jennifer McCall of Merrimack Mortgage. It was actually Roy Sanborn of Four Seasons Sotheby's International Realty who made the statement.
McCall said she actually believes this is a good time for someone who meets certain credit critera to come to the state and take advantage of its affordable housing market. Not only you can get get a loan on a house with less-than perfect credit, you can get get loans to renovate and/or repair a home. She said yesterday that if you are a qualified buyer you will get a loan and more people are eligible than they think they are and there are programs available for those with less-than-perfect credit.
She said sitting down with trusted local lender before starting the home shopping process can help a homebuyers dispels any myths and get them of the right path to home ownership.