Any one care to give me their opinion ? Am I being a kill joy, or is the girl and her mother showing poor judgement ?
Fixed interest rate on a 30-year FHA loan
Total financing up to 99.5% of sales price**
Help with down payment and closing costs via low, fixed-rate second loan
580 credit score required. Those with no credit scores may also qualify with alternative credit requirements.
I know of a couple lenders that offer this program I can refer you to.
if you need the name of a good loan officer, then give me a call, or ask here...I'm sure you'll have many respondents.
When you select a loan officer, it's not just about rates. Rates change all the time. It's not about closing costs as much anymore either...regulations have limited what they can charge. To me, it's more about who has the reputation to communicate effectively (and often), knows how to work the market to lock your rate at the best possible moment, has inhouse processing and underwriting (less delays when you're at that important point in closing) and overall HAS THE BEST REPUTATION FOR CLOSING ONTIME. Because when they don't close on time, the costs and risk are yours, not your lenders.
P.S. I personally don't like online lenders. Someone like Lending Tree sells you as a lead and then you'll have everyone and their brother calling and hounding you. Work local, with someone you and your realtor knows and has the reputation as stated above.