How To Find A Mortgage Lender

Sara Said:

how can i find a realtor that works FHA loans?

We Answered:

FHA loans are traditionally for people who have less than excellent credit. If you have good credit , check out some conventional loans. They are better in most ways. ( i have gotten 2 FHA loans in my life so i know they aren't terrible, just not wonderful).
The best lenders charge the least in fees, the lowest interest rate, close on time, don't surprise you by saying "There is a tiny problem" 3 weeks into the purchase. But how do you find them. Every realtor has a favorite but is it because the lender is wonderful or???

Lorraine Said:

How do I find a good mortgage lender?

We Answered:

The problem is that it is a rental property! VA does not do non-owner occupied, nor does FHA. Conventional will with higher credit scores (740) but not at the loan to value that you need. Rental properties max out at 75% L.T.V. which you need more than that. Sorry!

Gregory Said:

How can I find out who the mortgage lender is on a particular property ?

We Answered:

The Land Registry records (there is a charge to obtain them) show who has a charge on the property.

Discuss It!