cancel
Showing results for 
Search instead for 
Did you mean: 

Am I getting jerked around?

tag
Anonymous
Not applicable

Re: Am I getting jerked around?

Can someone explain the grant in IL?  I live in IL as well, how do you get a $15K grant?
Message 11 of 26
Anonymous
Not applicable

Re: Am I getting jerked around?

Yup, and I'm not quite sure how I could get my info to you- I'm new to this thing and I definitely don't want to cross any lines. However, if you've already put money into the deal then you're better off where you are. There are things that you buy during the mortgage process that the rights are held by the ordering lender/broker that you'd have to pay for twice, i.e., appraisal. Tell your loan officer you want to work a bigger bank. I've done deals like these with just about everyone- Chase, Citi, Wells Fargo, Flagstar- as I live in a more rural area and we also have a Native American population that is well off and does a decent job of giving back. It's complicated but doable.
Message 12 of 26
ckostecki
New Contributor

Re: Am I getting jerked around?

I'd say check out http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=IL there you will find an office that will have some information depending on where want to buy a house.
EX: 11/07 662; 01/08 670; 04/03/08 673; 04/30/08 710
EQ: 11/07 664; 01/08 648; 04/03/08 668; 04/30/08 699
TU: 11/07 645: 01/08 638; 04/03/08 613; 04/30/08 648
Message 13 of 26
ckostecki
New Contributor

Re: Am I getting jerked around?

It sounds like you are nowhere near Lake county
EX: 11/07 662; 01/08 670; 04/03/08 673; 04/30/08 710
EQ: 11/07 664; 01/08 648; 04/03/08 668; 04/30/08 699
TU: 11/07 645: 01/08 638; 04/03/08 613; 04/30/08 648
Message 14 of 26
ckostecki
New Contributor

Re: Am I getting jerked around?

So I guess an update on this. It looks like Sallie mae is going to be in on this loan. So they dropped the requirements to 5% down. What a relief. Plus I just put an offer on a house that was accepted. Now the fun stuff!
EX: 11/07 662; 01/08 670; 04/03/08 673; 04/30/08 710
EQ: 11/07 664; 01/08 648; 04/03/08 668; 04/30/08 699
TU: 11/07 645: 01/08 638; 04/03/08 613; 04/30/08 648
Message 15 of 26
DallasLoanGuy
Super Contributor

Re: Am I getting jerked around?

Congrats!!


Message Edited by DallasLoanGuy on 05-23-2008 11:44 AM
Retired Lender
Message 16 of 26
ckostecki
New Contributor

Re: Am I getting jerked around?

Thanks. Gotta love that dancing banana. And it is perfect timing. My mid score was 699 at the beginning of the account with util at 17%, now I have my CCs posting by end of today with an util of 4.5%. That should give me enough of a bump in the 700s (hopefully). I'm just hoping that no new baddies rear their ugly heads on this CR.
EX: 11/07 662; 01/08 670; 04/03/08 673; 04/30/08 710
EQ: 11/07 664; 01/08 648; 04/03/08 668; 04/30/08 699
TU: 11/07 645: 01/08 638; 04/03/08 613; 04/30/08 648
Message 17 of 26
ckostecki
New Contributor

Re: Am I getting jerked around?

Renewed frustration on this. So my LO said she was working with old information. I would need a 20% down payment no matter what or go with FHA. I swear she is doing this on purpose because she is getting a kickback on the FHA. I hate throwing away money on stupid mortgage insurance
EX: 11/07 662; 01/08 670; 04/03/08 673; 04/30/08 710
EQ: 11/07 664; 01/08 648; 04/03/08 668; 04/30/08 699
TU: 11/07 645: 01/08 638; 04/03/08 613; 04/30/08 648
Message 18 of 26
DallasLoanGuy
Super Contributor

Re: Am I getting jerked around?

Sorry hat you are having problems.
 
Yes, FHA pays us better on the backend most times.
 
Retired Lender
Message 19 of 26
ckostecki
New Contributor

Re: Am I getting jerked around?

Is there some truth that conventional loans require 20% down now (not optional)?

Message Edited by ckostecki on 05-28-2008 03:21 PM
EX: 11/07 662; 01/08 670; 04/03/08 673; 04/30/08 710
EQ: 11/07 664; 01/08 648; 04/03/08 668; 04/30/08 699
TU: 11/07 645: 01/08 638; 04/03/08 613; 04/30/08 648
Message 20 of 26
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.