Home Buying in New Bedford>Question Details

Evan Goncalo, Home Buyer in Fall River, MA

Help me find portfolio lenders or specific banks that don't adhere to Fannie Mae/Freddie Mac guidelines. Thanks!

Asked by Evan Goncalo, Fall River, MA Fri Jun 7, 2013

Help me find portfolio lenders or specific banks that don't adhere to Fannie Mae/Freddie Mac guidelines. Thanks!

Tricky question... I'm looking for a portfolio lender, or more specifically a bank that meets two criteria:

1.) Isn't forced to follow Fannie Mae / Freddie Mac guidelines.
2.) Is able to set up MassHousing loans (hopefully RightRate.)

I have a unique situation that needs to be taken into account, and banks that follow the formerly said guidelines are not able to meet my needs. If anyone knows of any local portfolio lenders, or banks that would meet the criteria, please let me know.

Thanks!

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Answers

2
Evan

There are a handful of these banks around and most of them like to work in a specific area. more information would be helpful .
0 votes Thank Flag Link Sun Jun 9, 2013
Evan, What underwriting guidelines are you trying to work around? If you can be more specific than people here might be able to suggest some answers.
0 votes Thank Flag Link Sun Jun 9, 2013
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