Best lenders for FHA

[Anonymous]

Found myself making a newbie mistake and going with one lender without shopping so help me out and give me the best lenders for an FHA mortgage to check out. Pretty please

[NC_Mtg_Loaner]

FHA really isn't too difficult.

In my opinion, it always comes back to the level of expertise of the Loan Officer.   However, based upon your comment I would recommend reaching out to friends and family or maybe a decent Realtor would have someone whose knowledgable that you can trust to get the job done.

[Anonymous]

---

@NC_Mtg_Loaner wrote:

FHA really isn't too difficult.

In my opinion, it always comes back to the level of expertise of the Loan Officer.   However, based upon your comment I would recommend reaching out to friends and family or maybe a decent Realtor would have someone whose knowledgable that you can trust to get the job done.

---

My realtor gave me her name and she is a local lender sort of.. She is from my area and i really like her... is shopping around really a rookie mistake? do i really have to. Jackie has worked really hard for us thus far.. IDK.. I don't want to screw this up its a lot of money

[NC_Mtg_Loaner]

As long as you have faith and confidence in Jackie then just keep on keepin' on.   

It isn't rocket science, it's a loan that requires the borrower to invest 3.5% of their own money (can use a gift from proper source-family member) and the home must be in habitable condition as HUD doesn't want you purchasing a home that will immediately fall into disrepair.

Occassionally we'll see agents that don't know what to tell their seller when an FHA offer comes in on a home that's not in habitable condition, but if everyone works together, the deal can close. 

[Anonymous]

---

@NC_Mtg_Loaner wrote:

As long as you have faith and confidence in Jackie then just keep on keepin' on.   

It isn't rocket science, it's a loan that requires the borrower to invest 3.5% of their own money (can use a gift from proper source-family member) and the home must be in habitable condition as HUD doesn't want you purchasing a home that will immediately fall into disrepair.

Occassionally we'll see agents that don't know what to tell their seller when an FHA offer comes in on a home that's not in habitable condition, but if everyone works together, the deal can close. 

---

I know but I am such an overthinker. Specially when it comes to really big decisions. I want to be informed so I start talking to people and googleing things and it makes it worse LOL! 

[Anonymous]

Shopping around has more to do with ensuring that you get the best rate/loan pricing that you can get than ensuring that you have the best loan officer. Having a good loan officer is definitely valuable for having as smooth a loan process as possible. But sometimes, even with a great loan officer, you might not be getting the best rate/loan pricing. I learned this during my current process. I had a great loan officer but ultimately ended up finding another great loan officer who found me much better rates (because she worked for a broker and had access to more options).