Personally, I like to use a mortgage broker because they can provide rate info from multiple banks and they also may lend their own money.
Either one can get you pre qualified and that's where you need to start before you look at homes.
I strongly recommend you shop for a good and reliable Loan Officer over the "name" of the lender they work for. Shop for a professional who is going to get the job done, do not focus on the best rates. The rates between all these companies are going to be extremely close, but the service and reliability is going to be worlds apart. The larger banks (Chase, Bank of America, Wells Fargo, etc.) are so large that they can set their own standards on the quality of loan they want to fund. As a result, they're picky and extremely slow. Smaller companies are able to provide better one-on-one service and because they lack a national operation, they're able to focus on just their region and perform at a higher level and close much quicker. Because the overhead is less, their rates are often the same if not better than te larger banks.
In always available to meet at our Brookyn offices if you want an knowledgable and reliable Loan Officer to help you. Good luck!
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Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
(516) 606-9648 Cell
(516) 740-4478 Office
(516) 918-5383 Fax
Your 50% downpayment certainly would minimize their risk. However the bank will make the decision and communicate it to you after they evaluate the property of your choice.
Feel free to contact me with further inquiries at >firstname.lastname@example.org< if you wish.
Remember: you have the freedom to choose the best deal!! Do not allow any "advisor" to whom you are referred to push you into an arrangement of his/her choice. Shop around.
Feel free to contact me with any other questions at 917-519-4664,
Tatyana Shestakova, Citi Habitats
Senior Vice President
RES Sales and Marketing Corp
320 West 37th Street, Suite 301
New York, NY 10018
Chase Mortgage Banker
Snr. Lending Specialist
Citibank N. A.
NMLS # 726537
There are really two questions here and the second one is much more relevant. Any bank can issue you a pre-qualification if you fit the conforming standards. Looks like you need to find a lender that either has multiple investors that they are a corespondent lender for or with a lender that has the program that is tailored to your specific profile.
My recommendation would be to work with a correspondent lender who can work to place your loan with the best investor.
If you need recommendations please email me directly: email@example.com