Does your company have a mortgage available for a home that needs work? Something along the lines of a FHA(hud?) 235 loan? I'm having problems with a current lender wanting to do a FannieMae loan. Scores are now in the 670 range, down from 698 since applying for this mortgage. 1 mortgage, 7 hard inquiries, sheesh. TIA. Gib
Fannie Mae has a product called the Homestyle Loan its a Fannie Mae product that will allow you to get a loan based off the appraised value and lets you finance all the improvements. It's a great program with conventional rates, with your scores you qualify, but I dont know your whole situation. Contact the lender that wants to do the Fannie Mae deal and see if he has heard of it. Every Fannie Mae lender can do it but I use Commonwealth United for it. Good Luck, and if you have any more questions don't hesitate. I too am a mortgage broker but I dont like to @%#$ where I eat and this board has been a life savor for me so I wont do the loan for you but I will direct you as best I can.
The lender for the Fannie Mae loan wants me to pay off a seven year old medical collection. I think it's bullshit. It's the only derog I have left. It's due to fall off in 4-5 months. Gib
Gib We have all types of mortgages available. Please email me off-board and I will go over the diferent programs we have. fla-tan
