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Originally Posted by cindy0721 The mortgage Co. I am dealing with is called Valley Mortgage... anyone heard of them..... |
I didn't get anything.
I am a mortgage broker, and have been in the business for 15 years. I always hate hearing "you don't need a broker"... Some folks DO need a broker because Joe Blow off the street who has some loan issues doesn't have access to the lenders and programs that I do.
Loads of people these days have had credit issues in the past that give them problems when they try to buy a home. Or they have blips in their employment history, problems with late former mortgages or rentals, collections, foreclosures, bankruptcies, all kinds of situations that make conforming lenders cringe and back away.
There are TONS of lenders these days who do risk based pricing. There are also TONS of different kinds of mortgage programs. Banks are usually pretty limited in their mortgage offerings because they have a limit to the amount of risk they will finance. Brokers have unlimited resources.
I can do 100% financing for people with 580 credit scores and $0 down payment. Really. Keep in mind that SOMEONE has to pay the closing costs. If you can get the seller to do so, you can walk out of a closing on a new home without taking a penny out of your pocket! Really.
If you have any other questions, please PM me, I will be happy to help you! I can't do any loans for you unless you are located in North Carolina.