It seems the Real Estate Pros have a lot of time on their hands.
Justin,
maybe go with a struggling mortgage company, you can go to this site
http://www.MortgageGraveyard.com
they may be desperate for more "good" loans.
Justin,
maybe go with a struggling mortgage company, you can go to this site
http://www.MortgageGraveyard.com
they may be desperate for more "good" loans.
Kelly Nance,
Just Looking,
Justin
We are an affiliate of Wells Fargo home mortgage and do provide financing nationwide. If you would like to speak with someone in the state where you are purchasing....I can refer you to someone in that area if you would prefer. If you deal with someone locally to purchase in another state, make sure they are a national "lender".
We are an affiliate of Wells Fargo home mortgage and do provide financing nationwide. If you would like to speak with someone in the state where you are purchasing....I can refer you to someone in that area if you would prefer. If you deal with someone locally to purchase in another state, make sure they are a national "lender".
Frank Biganski,
Agent, Hampton, VA
"If" you really need to shop for a loan outside the Commonwealth, then try the following compnaies. I do not endorse any of these companies, but I do know they've assistanted some of my previous buyers who had troubled credit.
http://www.fullspectrumlending.com
http://mortgage.alloptions.com
http://www.bdnationwidemortgage.com
Just remember... the lender must still be licensed to fund loans in Virginia.
Frank Biganski, Realtor ABR
http://www.fullspectrumlending.com
http://mortgage.alloptions.com
http://www.bdnationwidemortgage.com
Just remember... the lender must still be licensed to fund loans in Virginia.
Frank Biganski, Realtor ABR
Lenn Harley,
Agent,
Don't. Buyers who shop out of town lenders/brokers can easily be approved if they are income and credit qualified. But, can the lender close meaning sell the loan and get it funded. Local direct mortgage companies are the most reliable for getting to the settlement table and with local appraisers, the probability of the appraisal being on target is higher.
Web Reference: http://www.homefinders.com
Lori O'Day,
Agent, Reston, VA
Don't. Laws can vary from state to state. Differences can stall the process or ruin the deal!
Web Reference: http://www.1stpartnersinrealestate.com
Frank Biganski,
Agent, Hampton, VA
Why? There's plenty of great lenders in Virginia - keep the money in the Commonwealth. The only reason one would have to go that far to find a mortgage is if you have bad credit and/or a low FICO score.
Frank Biganski, Realtor ABR
Frank Biganski, Realtor ABR
Web Reference: http://www.chesapeakehousehunt.com
Becky Henley,
Agent,
Don't do it. Get recommendations from the agent who is helping you find a home. Interview these to find a personality match. You need a local lender or bank to work with. I have too many bad experiences with internet lenders...too many junk fees and dropped balls.
Brett Dunne,
Broker, Rancho Cucamonga, CA
Justin:
Jason and Ute have already given you great and correct information. Let me add to also check with large local Federal Credit Unions. They also have some great programs!
Good Luck!
Jason and Ute have already given you great and correct information. Let me add to also check with large local Federal Credit Unions. They also have some great programs!
Good Luck!
Web Reference: http://www.DayBreakGroup.com
Jason Todd,
Agent, Lawrence, KS
Excellent answer Ute!
Justin -
To second what was already stated, it very important, in my opinion, to find a local lender that you are comfortable with. Check out more than one mortgage broker locally to compare rates and most importantly closing costs. Do not focus on local mortgage brokers alone, it is also advisable that you check with your local banks. Many times lately I have found the best mortgage deal in town to be with a local bank...
Thanks -
Jason
Justin -
To second what was already stated, it very important, in my opinion, to find a local lender that you are comfortable with. Check out more than one mortgage broker locally to compare rates and most importantly closing costs. Do not focus on local mortgage brokers alone, it is also advisable that you check with your local banks. Many times lately I have found the best mortgage deal in town to be with a local bank...
Thanks -
Jason
Ute Ferdig - Atty. Negotiator,
Broker, Newcastle, CA
Hi Justin. There's a difference between getting a loan from a lender that is not in the same state as you and using a loan broker that is also out of state. I would want to use a local loan broker who will have access to lenders all over the country. The reason why I prefer a local loan broker is because of accountabiliti. Someone who is local will be more interested in whether the loan goes through than when you go on the Internet and work with a company that's at the other end of the country. The money can come from anywhere, but the person who is the middleman (or middlewoman) should be local. I hope this helps.
Web Reference: http://www.go2kw.com
