Wells Fargo FHA Story...

[lpayton]

Midnight, I was too, and then I heard that the smaller mortgage companies end up selling your loan to a big bank anyway after you close.  Figured I would just go directly to them.  I am glad I did, because from what I am reading from other people's experiences with smaller banks, Wells Fargo (VA) underwriting process seems really lenient. 

[Anonymous]

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@lpayton wrote:

Midnight, I was too, and then I heard that the smaller mortgage companies end up selling your loan to a big bank anyway after you close.  Figured I would just go directly to them.  I am glad I did, because from what I am reading from other people's experiences with smaller banks, Wells Fargo (VA) underwriting process seems really lenient. 

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I ended up going through my local CU, and on their documentation it states they do not intend to sell the loan, so I guess I got lucky

[lpayton]

Well, I don't think usually BANKS sell the loan, I meant your average everyday mortgage lending companies (Pacific Acres, Academy, etc).

[Anonymous]

my builder was HH Hunt Homes -- they build in NC/SC/VA (I think that's it as far as I know)

[drkaje]

Thanks so much for sharing. I had been strongly considering Wells Fargo, your story helped make the decision.

[Anonymous]

congrats

[Anonymous]

Thanks for sharing your experience. Congrats on your new home!