hawkeye007 LSU Fan greenwell springs Member since Feb 2010 1426 posts
re: Big bank mortgage vs small for RD loans (Posted on 7/17/13 at 1:14 pm to lsu0005)
CHASE will not do RD loans at their branch locations, yes its stupid but the truth! RD loans are time consuming but Most banks do them and should be easier to deal with than lenders. also you will come out with a better rate RD with a bank over a lender. I work for a bank and i know my RD rate is between 4%-4.25% just depending on the day.
novabill LSU Fan Crossville, TN Member since Sep 2005 4238 posts
re: Big bank mortgage vs small for RD loans (Posted on 7/17/13 at 4:09 pm to hawkeye007)
Banks are no good.
Hawk used to be on the correct side of this issue, but has drifted over to the dark side. My hope is one day he could be rescued. LOL
Seriously though, it depends more on the LO more than the institution. Hawk will know what his underwriter, as well as the USDA office will require, ask for it up front and thus remove much of the pain.
Some LO's are afraid to ask for everything needed in the first conversation and then come back over and over as the underwriter requires the items he should have asked for in the 1st place.
You have a couple of options on here, people that will work hard to maintain a stellar reputation on this board.