The home are more affordable. Please give Albert of Unlimited Funding a call. He has many programs and I'm sure he will find the best one to meet your needs.
His number is 718-459-9300

Mine is 917-497-0729

Good Luck!

Henry

A declining market is where the values of the homes have been reduced through short sales, foreclosures or drastic underbidding from list price. Declining also means that a bottom has not been realized and therefore further eroding of value is almost certain. From a lending perspective, if there is certain to be lower value in the foreseeable future, they reduce the amount they are willing to lend by a marginal amount...typically 5%. So if the maximum allowable financing was 100% for a certain product, that would be reduced to 95%.

I hope this helps!