Financing in Memphis>Question Details

Hollywould-2, Home Buyer in Memphis, TN

Which motgage companies have the easiest FHA approval process?

Asked by Hollywould-2, Memphis, TN Mon Apr 4, 2011

We have some past credit issues; chapter 7 bk discharged 1/2008, a few late payments on a student loan after the bk, perfect credit for about 20 months now, current credit score about 650. Thanks so much for your advice...

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7
I would recommend Waterstone Mortgage Corporation

They are the best in the business!
0 votes Thank Flag Link Mon Apr 4, 2011
Bottom line they all have the same guidelines

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Mon Apr 4, 2011
I too agree with all the answers given....the key is to find a loan officer that puts your best interest first. One that you have ease in talking to and trust. I too would recommend Carey Fifer or Al Pickett with Community and Ruth Jones with Regions Mortgage 901-759-5276.
0 votes Thank Flag Link Mon Apr 4, 2011
Contact Ryan Guess with Merchants and Planters Bank 901-461-7215.

Contact me for a FREE list of foreclosures!!!!

Stephen Anderson
Keller Williams Realty
901-338-9043
0 votes Thank Flag Link Mon Apr 4, 2011
All FHA loans restrictions are the same. In my experience the easiest place may be doing illegal things. I recommend using the lender with the most FHA loans closed in the county.... Community Mortgage. Contact either Carey Fifer or Al Pickett. The guys are amazing. Not to say it will happen to you, but ever loan I have closed with these guys, the buyers' have gotten money back at closing.

Carey 901-759-4368
Al 901-759-4324

I am Todd Harris... The realtor with the most...
0 votes Thank Flag Link Mon Apr 4, 2011
While I agree with that answer, I have also found some underwriters are a little more willing to work with you than others. Call Sharon Church at Community Mortgage at 759-4328. Shes one of the best in the business.
0 votes Thank Flag Link Mon Apr 4, 2011
Hollywould2,

The FHA approval process will be the same for any lender. FHA is a federal insured loan and the lender requirements for the buyer and the property are the same.
0 votes Thank Flag Link Mon Apr 4, 2011
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