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lippsto
155 Posts |
 Posted - 07/11/2008 : 4:09:33 PM
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Who in Ohio Does 203k loans? I have M&T, but WOW is all I can say. Doing my first and hopefully my last with them right now.
Anyone else know how retail prices out these loans, about the same rates and fees as 203b? I swear Ill never do another unless Im making 1 up front and 2+ out the back. |
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liverichly
3936 Posts |
Posted - 07/11/2008 : 4:24:06 PM
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| Most retail places price them out quite a bit higher than 203b's. A client of mine received quotes from Countrywide and a few other lenders and they were all around 7.5% with 1 point, I eventually went to M&T and beat them by .75%. What seems to be the problem with M&T? |
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lippsto
155 Posts |
Posted - 07/11/2008 : 4:43:33 PM
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| initial uw time 3 weeks. conditioned 3x prior to loan commitment. |
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liverichly
3936 Posts |
Posted - 07/11/2008 : 4:53:26 PM
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Well true, the turntimes aren't too appealing, but that is because there aren't tons of options on the wholesale level so M&T is getting most of the business. Not sure why you were conditioned 3 times prior to getting the conditional commitment though, that is often a sign of not putting together the package properly.
All the below do 203k:
Brian R Dixon
Wholesale Account Executive
Axis Mortgage - FHA Lender
[C] (954) 394-5811
[F] (954) 671-6804
[E] BDixon@Axismtge.com
Doug Jones
Broker Capital Funding
A Mason McDuffie Affiliate
408-438-6939 Cell
408-519-6520 Efax
djones@brokercap.com
http://www.swmc.com/swmc/loans/wholesale.htm
http://www.umcwholesale.com
http://www.constructionbroker.com
Ray Portela
Wholesale Manager
Office: 866-208-8343 Ext: 190
Direct#: 201-510-3890
Fax 201-758-2800/484-492-0995
E-mail rportela@firstresmortgage.com
Direct FHA/Conforming Lender
NJ/NY/PA/CT/MD/FL/VA/DC/NC/SC/TX |
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twilson148
13 Posts |
Posted - 07/13/2008 : 11:25:36 AM
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| Universal is out of 203(k), at least at the Indianapolis wholesale office. |
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