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With the current market conditions you usually hear about the negative when you check the news. But, what you do not hear is the positives.

By now you are probably aware that their have been vast changes in the ways mortgage lenders are able to help you buy a home. In the past their was a plethora of programs for people not conforming to A+ guidelines. In fact there were so many programs that most lenders could not even keep up or begin to master them. Now that box full of loans is starting to become less full. There are still many great programs today for people who deserve homes.

With the high amount of foreclosures in the United States there has been a huge amount of inventory in the real estate market. Many complain that houses are not selling. Or that the market is slow. This is all true. There are more homes for sale and a greater percentage of foreclosed homes for sale.

What this creates is a buyer market. There is plenty of inventory and several choices. Houses are selling below market value and banks are losing money on their real estate they foreclosed on. It is the banks loss and your gain as a consumer.

One product I offer is FHA and I bet you FHA will sweep up most of the market share in loans that people not conforming to A+ standards will do. There is a wonderful program that FHA offers and it suits the current market conditions better than any other. Whether your credit is excellent or you have a few problems that you can provide explanations for. Whether you have money for down payment or you do not. It is called a 203k(s). You can typically buy a home and get up to 35,000 to do a rehabilitation of the property. It could be as small as you need only a new refrigerator or new carpet in the living room. Maybe you want to redo all the drywall, floor covering, kitchen cabinets, counter tops and appliances. It is a wonderful loan and you do not have to have perfect credit to get it....