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Old 09-23-2008, 01:19 PM
satyasaich satyasaich is offline
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Default This is a great point to include in the email

Admins / nixtor

Any comments ?
I have seen the same situation in 2005 when i was buying a home with a credit score of over 700. I was denied by so many lenders, but anyway got a decent loan from Wellsfargo.
(But those days are different, housing market is on high, no worries of credit crisis etc

But nowadays, we are hearing a lot of these denials

Quote:
Originally Posted by whitecollarslave View Post
Has anybody really tried to get a mortgage recently? I have been denied by 8 lenders so far simply because I don't have a green card. Most lenders have tightened their underwriting guidelines. They will give mortgages only to U.S.Citizens or somebody who is a permanent resident aka having a green card. There are very very few lenders who will give mortgages to somebody on a visa and the rates may not be very favorable.
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"Don't go Where a Path Leads. Rather go where there is No Path and leave a trail for Others"
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