Still being turned down for mortgages, time to lawyer up?

That's my experience. I got my mortgage through a local credit union, though before that I was going through a regular bank that's a bit more local than multinationals like Bank of America. I probably had it easier since I live near my company and the bank is near the company as well.

 

That's the most problematic issue with the lenders.

Another thing.. are you o/o or company employee? Big difference as well.

 

Naa, just means your broker doesn’t work with the right banks.


Find yourself one that does.

 

You just need the right Lender. 3 yrs. tax records should be plenty. So many Lenders are in it for the quick and easy deal. Many aren’t willing to do the extra work. Some are still spooked by the Lending reforms. Many don’t know how to Navigate the reforms. A lot of the rules have changed. There’s no reason you can’t qualify for a standard conforming Mortgage. A good Mortgage Lender knows what the Underwriter needs. Many don't. I had one leave me hanging at the last minute. My Agent, who was also a former Mortgage Agent warned Me that would happen. I almost lost the whole deal, including my Deposit. I had to buy time, literally. My Buyers Agent, and his In House Mortgage Lender made it happen, and at a better rate. Find a good Real Estate Agent. Get Pre Qualified, not just Pre approved. Most have In house Mortgage Brokers. Some won’t work with you until your Qualified. I’m talking about a Buyers Agent. An Agent that works for You, not the Sellers. Once your pre qualified, you’ll have the power to buy. A Buyers Agent is the best way to weed out all the BS and uncertainty of guessing. My Agent was so good. So was his Mortgage Lady. They knew every trick in the book, and weren’t afraid to use them. Without a Buyers agent, you’re up against a lot of stumbling blocks. It doesn’t cost anything, they work on a commission split with the Sellers agent. Same as any Agent. But unless you have a Contract with a Agent hired as a Buyers Agent, they all represent the Seller. The Mortgage Industry is full of Scum Agents. They’ll tell you anything. Throw around interest rate quotes they can’t meet. Waste your time. Leave you hanging. Say anything. Knowing all that matters is what’s in a written Contract, (Loan). They can’t be Trusted, unless they’re on your side.

 

I get your point.
Your acting like no otr truck drivers have ever
Been able to get a loan for a house.

All I'm saying is millions over the past 50 years
Have bought homes.
Find out how they done it.

 

Yes usaa is great.

 

Yeah use them for everything no issues

 

I know a little bit about getting loans. Do you have an established banking relationship? You said you have money in the bank. Who is that with? Approach that bank. Also is that the same bank your money is deposited to? They should easily be able to finance you just off of the tax returns and few months of bank statements and YTD. How you’re paid shouldn’t matter.

If your bank won’t finance you, request a cashiers check for the full amount of your balance. $60k is enough to get the branch managers attention and he/she will want to personally speak to you. I once closed an account and the manager “spoke” with me about why I was withdrawing the funds.