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Seeking mortgage lo

I am a first-time home buyer that has found a home in Savannah, Ga for $266k. In addition, I have a signed binding agreement with the builder. Im seeking a LO to finance my loan. My mid-credit score is 646, monthly dept is $90, income $5200/mo. Anyone have advice on lenders that can help get my loan approved?
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August 04 2012 - Savannah
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Answers (7)

The best thing to do is have a lender work up some figures for you so that you know, realistically, what it will take to move forward with the purchase... whether it be increasing credit score, down payment, etc...

Best way to find a lender is to shop for them.  Don't be fooled or enticed into believing that once you apply you are in for the long-haul... That is not the case. 

A lot of regulations have been put into place to allow the buyer to shop for the what they feel is the best deal for them.  

Good luck and congrats on becoming a homeowner!!!
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May 29 2013
I also recommend that you post your scenario in the ZMM.  Read reviews carefully.  Whoever you choose, especially if it's not a lender on Zillow with many, many glowing reviews, Google the person you choose and their company.  Avoid anyone who is a ghost or who appears incompetent or uncaring if there are any negative reviews. 

Case in point:  I Googled "Starkey Mortgage reviews".  Whaddya know?  An epic 1-star review on Yelp.  There is also one hidden review as well and guess how many stars it was? 

In all fairness, there only two, 1-star reviews, but I can't find any good ones, either.  Too many very highly rated lenders out there to take a chance with a low-rated lender just because they're local or someone made a recommendation to you. 
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May 13 2013
I would highly recommend staying away from Starkey Mortgage. (Unless you can afford a good lawyer to fix their screw ups)
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May 13 2013
Contact Clay Branch - cbranch@afm@gmail.com
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August 05 2012
Hopefully you are putting 20% down or you and bldr agreed that you would be using FHA financing. Less than 20% down conventional would require mortgage ins. and higher credit score. Clay Branch is a loan officer in GA and one of the most knowledegable contributor on this forum.
For other potential home buyers reading this, be sure to get pre approved before you even begin to look for a home. It is virtually free and can prevent what could be disappointing results otherwise, including learning a "binding agreement" is not binding without the ability to qualify for a mortgage.
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August 05 2012
Try Michael Caputo at Starkey Mortgage.  He'll give you a straight-up answer as to your ability to get that loan.

mcaputo@starkeymtg.com

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August 05 2012
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Hi Deedee1702:

Have you tried putting in a request to the Zillow mortgage market place?   There is no obligation.   Go to Mortgage rates in the top line and chose "get custom quotes".

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August 05 2012
 
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