which morgage companies do FHA loans in Hunstsville tx area

Asked by Blyockey, Huntsville, TX Tue Jan 26, 2010

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6
, ,
Wed Jan 27, 2010
Hi Blyockey,

I can not stress this enough to you: do not follow Rudy's recommendation to use lending tree. The lender is charged a substantial amount of money to buy leads from lending tree and consequently that cost is passed on to the you the consumer. I worked for a very large mortgage bank that used LT leads and witnessed the fees passed on to the consumer first hand.
1 vote
Barbara Coll…, Agent, Huntsville, TX
Wed Jan 27, 2010
EVERY MORTGAGE COMPANY WILL DO FHA'S BUT THERE ARE REQUIREMENTS. IS THE PROPERTY YOUR LOOKING TO FINANCE A MANUFACTORED OR STICK-BUILT HOME? THE PEOPLE I WORK WITH REQUIRE CREDIT SCORES TO BE FROM 600 TO 640.
THANK YOU,
BARBARA COLLINS
WERNER REALTY
936-662-7416
http://www.har.com/barbaracollins
0 votes
, ,
Wed Jan 27, 2010
Let me clarify:

I said use lending tree to solely get a quality rating on the service the lenders local and/or licensed in your area provide. Not necessarily to go through them for financing. With regards to the additional fee, lets be honest, especially since I use to work for a broker, and then a direct lender with a lending tree dept, that charge is typically 200-500 hundreds. No more than what a local broker who is originating its loan through a direct lender would charge. And, again, I only recommend this is if you are not working with a knowledgeable and experience enough realtor to refer you to a lender.
0 votes
Sera Smith, , Plano, TX
Wed Jan 27, 2010
There is no reason for anyone not to work an FHA loan in the Huntsville area. I work with several lenders and have several options for anyone, including a FICO score below 640. I know the Texas laws and work strictly in Texas. If I can be of service to you, let me know. Who ever you may choose, be careful. You may qualify for a different type of mortgage that banks can not do if it is in a rural area.

Sera Smith
Loan Officer
Bluesky Lending
214-405-7264
ssmith@1bluesky.com
0 votes
Texas Banker, , Houston, TX
Wed Jan 27, 2010
I would suggest working with a good reputable bank.

Lending tree is not a bank, they generate and resell leads. Who they resell leads to is a roll of the dice.

My bank is a FHA approved lender I will be glad to help.

Couple of Major changes coming down the pipeline: Just FYI

If you are planning on using FHA, time is of the essence not only the tax incentives are going away; the mortgage insurance premiums are going up by almost 30% in April, and the allowed seller contributions will be cut in half.

I sincerely hope we can work together.

Best regards,

Erik Konar
Mortgage Banker
ekonar@patriotbankusa.com
Office: 281-583-0674 Fax: 713-400-8915
0 votes
, ,
Tue Jan 26, 2010
Hi, Blyockey

If you're working with a realtor, they should be able to direct you to someone reputable. Especially if that realtor has been one long enough to have worked with a number of different loan officers/lenders in the past. The next best bet would be to go online to Lendingtree.com. Those lenders/brokers are prescreened Lendingtree and rated by customers in accordance to each lenders individual customer service, rates, and fees peformance. Remember: location and size is not the key consideration here. Simply because a lender is local or a large bank/broker, that does not mean you're going to get the best rate or overall service. Choose wisely. Hope this helps.
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