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Posts Tagged ‘Mortgage’

FHA score Requirement is Increasing again

Tuesday, November 9th, 2010

The lenders are now requiring a 640 score for all FHA loans effective 11-9-10.  When is the tightening ever going to stop?  We wish we knew the answer to that but now is more imperitive than ever to deal with a trusted loan officer.  Call or email me with your scenario.  I have been doing this when times were easier on everyone and have also had the experience of dealing with the tightening of the lending environment.  Everything is a challenge these days so deal with someone willing to accept the challenge and help.

Jasonbialek@atlanticbay.com

 

Underwritting turn times

Tuesday, April 21st, 2009

At this moment in the market right now every lender is busier than ever.  It is taking most banks up to 120 days to close a loan.  We are also slower than normal with the influx of loans we are also very thankful for.  However, our turn times are typically between 45-60 days on all loans.  Call me with your scenario we pride ourselves with the service that is second to none!