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Anyone Used A Good Mortgage Lender (buying)

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J Grant

Elite Member
Joined
Dec 9, 2003
Professional Status
Certified Residential Appraiser
State
Florida
Well guys...I plan on selling my house and buying a different house...close by, scaling down a bit. Even though I do appraisals all the time, lol, I have no idea who is actually good to get a loan from. Like everyone else I want a good rate but even more important I don't want to be jerked around with last minute switches and crisis to close...I my credit is good, debt/income avg, would prefer to put small % down. If anyone had a good personal experience buying or refinancing, please pass it on thanks (or if anyone had a horrible experience a company to avoid!)
 

miktay

Senior Member
Joined
Jul 3, 2007
Professional Status
Certified Residential Appraiser
State
Texas
Im in the same boat. Looking to buy some more real estate and don't know the best company to borrow from (I only know who not to appraise for)
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
From my experience, avoid BOA, Wells, etc. they don't want to originate loans. Don't know if you have a Suncoast CU near you but they are easy to deal with. I would use a community bank, credit union or 5/3 Bank. 5/3 does a lot or loan origination around here.
 
D

Deleted member 134708

Guest
Do it thru an individual broker. I know a guy out in the Bay Area who does the loans for Edelman Financial (Ric Edelman) He does no cost loans. Just appraisal fee. He gets a kick back from the bank he sells loan to is how he gets paid. I can PM you his info, I know he does CA and don't see why he can't do FL. I'll text him right now. If interested in talking to him PM me.

Whoever use, be sure it is no cost or appraisal only. There are way, way too many options out there to pay any origination costs.

Edit: He doesn't serve FL, sorry.
 
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A K

Elite Member
Joined
Jul 31, 2013
Professional Status
Certified Residential Appraiser
State
Maryland
I agree with Nottrav. Brokers and local LO's are the best.
 

J Grant

Elite Member
Joined
Dec 9, 2003
Professional Status
Certified Residential Appraiser
State
Florida
Thanks, i want to stay local, have one name that Howard was kind enough to provide.
 

AMF13

Elite Member
Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
We had one that was also an RE agent when we got our place. So he filled 2 roles and no doubt double dipped.
But, it worked out good for us. Of course 2 or 3 years later when rates were lower and we wanted to refi,
they totally dropped the ball and we moved on. Go figure. :shrug:

Go local for sure. Good luck, J. :peace:
 
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