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re: FHA Loan?

Posted on 6/10/13 at 12:57 pm to
Posted by hawkeye007
Member since Feb 2010
5906 posts
Posted on 6/10/13 at 12:57 pm to
dont report you broker he might not have a lender that will let him do conventional with less than 20% down..nmls # are hard to get these days lets not get petty..your new purchase will not be a second home since you have switched jobs and area's the new home will be your primary residence. You need a bank to do this loan not a broker and not quicken.
Posted by ItNeverRains
37069
Member since Oct 2007
25715 posts
Posted on 6/10/13 at 1:59 pm to
quote:

dont report you broker he might not have a lender that will let him do conventional with less than 20% down..nmls # are hard to get these days lets not get petty


quote:

this guy is telling me theres no way I can get a conventional loan with that little down, no matter how good my credit is


If quote above is true, you consider this petty? I consider it steering and fraud. If he said "WE can't/don't provide a conventional loan..." thats one thing, but as quoted, this broker should be reported. If he told my clients that he would be immediately.
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