Mortgage loan problems...?
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On non-gov't loans, there is NO SUCH THING as making too much money to qualify for one.
I would find another lender before I stuck with one that was dishonest. I highly encourage you to shop.
I also agree with Stephen that you are entitled to ALL of your fees back...appraisal, application, etc. If you disclosed your true income at loan application, then a loan officer should have known RIGHT THERE that you didn't qualify for a gov't loan that had an income restriction. He doesn't have to run it by an underwriter to make that decision...that is his JOB!
Mortgage loan problems...?Your fees should be refunded. Small claims court at least and you might want to put in a complaint to the state banking commision. They may have a habit of that mistake. If they do then it is called fraud....
Mortgage loan problems...?Conventional Fannie Mae My Community has income limits.
https://www.efanniemae.com/sf/guides/ssg...
Flex 100% does not. Your lender either doesn't know this or does not have access to the Flex 100% product.
Mortgage loan problems...?I'm A Mortgage Consultant and I don't know of any conventional loan ptograms that have income limitations. Something shady is going on here.
abrock@fcmdirect.com
First Capital Mortgage
www.fcmdirect.com
Mortgage loan problems...?All mortgage loans are not created equal. If you are looking for a loan, you have probably discovered the array of loan types and options. It can be confusing forthe first-time borrower<!--and even for those with more experience! Here, we will discuss the different types of loan options, and how they work.
http://www.best-loans.we.bs/
First, there are two main broad categories of mortgage loans: government loans (FHA, VA, and RHS, or Rural Housing Service loans) and conventional loans (all other loans). In general, government loans have low or no down payment requirements for the purchaser-->and are easier to qualify for than conventional loans. They are also guaranteed to the lender, which allows the borrower to obtain more favorable loan terms.
Mortgage loan problems...?Easy question,no.Not solvable question,no.Check out this information,your answer might be here.http://loan.goodhelper.info/home-equity-...
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