I've have been running into quite a few realtors lately that have been telling me that they are having problems with their FHA & Conforming loans getting turned down by the banks or that they have been taking an extremely long time.
Please understand that FHA really is not that hard & it really is not that stringent. These are new guidelines that lenders are allowed to impliment so they can
turndown choose their risk tolerance & cherry pick protect themselves. They are also allowed to charge higher rates on deals that have lower credit scores - I.E. - manual underwrites.
Currently many lenders have turn times that are excrutiatingly long. If you're client has been turned down or you need a very fast turn around time, please give me a call. The best way to contact me is via email at firstname.lastname@example.org or visit me on the web at www.1stmetropolitan.net/
To your success!
For help or questions contact:
Senior Loan Consultant - NMLS #126036
GMH Mortgage Services, LLC
625 W. Ridge Pike, Building C, Suite 100 | Conshohocken, PA 19428 | Direct: 610-355-8039 | Cell: 610-739-6563