Financing in Tavares>Question Details

Nancy, Home Buyer in Tavares, FL

I have found my home in a fabulous area, have excellent credit, and the downpayment, but cannot find a lender!!! Other than VA, FHA, Freddie,Fannie,

Asked by Nancy, Tavares, FL Sun Oct 31, 2010

HUD, Homepath, who will supply a mortgage at Scottish Highlands, Leesburg, FL 34778? Although the resales are single-family where one owns the lot, the deeds say "condomium" as the 1984 HOA owns the common areas and amenities such as roads, sewer, ponds, activity centers, etc. in this wonderful 55 senior community. Any recommendations would be greatly appreciated.

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What have you done so far? Have you contacted any banks yet? What have they told you about why they won't lend, or do they just say no? I would suggest trying a local bank or credit union. If they portfolio their loans, which means that they hold them and service them, they most likely don't go by Fannie Mae or FHA guidelines in lending.
1 vote Thank Flag Link Sun Oct 31, 2010
Hi Nancy:

I'm not sure why you cannot find a lender. Usually there are many available options. Perhaps you should contact a good real estate agent in the area. Usually, agents have a list of lenders they like to work with and will freely share the list with you.

Best,
Ron
1 vote Thank Flag Link Sun Oct 31, 2010
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