How is it possible to qualify for a mortgage with one lender but not the other.....?
Hi
i was wondering how it is possible to qualify for a mortgage with one lender but not the other, we just applied for a va loan but only got qualified at one lender out of four... ?( Our FICO is in the 500s)
And what does it mean to qualify with a lender ?
Anna
Answers (1)
FIRST ANSWER
Hi Anna,
Each lender can have their own underwriting guidelines. If you FICO's are in the 500's you loan will probably have to be manually underwritten and you will have to do an FHA loan.
Web Reference: http://socalfhahomeloans.com
Didn’t find what you were looking for? Ask a question!
Ask a question
Got a real estate question? Get answers from locals, experts and real estate pros.
Email me when…
View all »
1 - 3 of 96
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback