Yesterday, a mortgage broker service partner of mine, Phil Tully at Guaranteed Rate ,spoke with a client I'm working with. She wants to do a 100% loan on a $200K purchase. The client is a Chicago Police Officer and may qualify for special city lending programs. So we'll see how tight things are these days.
The property is located in the North Park/Peterson Park area. Phil's job is to investigate mortgage programs that will work for my clients. This is exactly the type of situation where I need good lenders.