A little known fact to most of the general public . . . Fannie Mae, one of the major players in the mortgage industry, has relaxed borrowing guidelines making obtaining a home loan easier. (See the link to today's Seattle Times article.) What does this mean to home buyers? Its easier for buyers to qualify for a home loan now than it was even as little as six months ago. Loan programs with as little as 3.5% down (zero down for VA financing) combined with historically low interest rates PLUS relaxed underwriting guidelines combine to create the perfect storm for anyone interested in purchasing a home. This is great news for first time buyers, and anyone who might have less than perfect credit due to a past bankruptcy, short sale or foreclosure. If you haven't talked with a lender in the past six months, now could be the time to discover how these changes could benefit you.