if you are a veteran get a VA loan. best thing to use.
if your mortgage company can't figure it out. go elsewhere. I have used Quicken Loans for 2 refi's. love them.
Having hard time getting mortgage home loan as a trucker.
Discussion in 'Experienced Truckers' Advice' started by joseph1853, Dec 21, 2018.
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Sirscrapntruckalot Road Train Member
Sounds like to me and others the bank your using clearly has issues somewhere.
Find a new one. It's not that hard. Plenty of places out there. I second USAA if your former military. They are a good group from all I've herd about them from loans to insurance. Most the folks I know who have the option to use USAA do it over the other choices. Also if your military you can try their credit unions. I got my car loan through Navy Federal. Good folks. I submitted an was approved 2 days later. House is different then a car of course.
Far as loaning to McDonalds employees....if that was true more of them would drive Ferrari's and lambos eh? My local Mc'ds they are driving a lot cheaper vehicles. Then again...only super nice cars I see in fast food restaurants parking lots belong to the owner or customers.
Good luck, and again...find a new bank.
Sirscrapntruckalot - I'm glad your happy being a vegan. The more you try to convert me, the more I want to punch you in the face.joseph1853, Rideandrepair and Chinatown Thank this. -
Navy Federal and VyStar are both good credit unions. I've used both.
joseph1853 and Sirscrapntruckalot Thank this. -
Truck drivers buy houses all over the country everyday.
If the mortgage company can’t get their act together and figure out some simple math, then it’s time to find one that has a clue. They don’t need an hourly rate, they just need an average for what ever your pay cycle is and a monthly and annual income number.
Have purchased two houses driving a truck. Both closed in less than 45 days.joseph1853, Chinatown and Rideandrepair Thank this. -
For no reason other than asking, why do you want to do a USDA loan? Unless you have no other option, they are a pain in the hiney to get, and can be a REAL PITA when you sell before the end of the term (as they can recoup the subsidized part of the loan on sale).
Often, conventional loans are not only easier to get, but cheaper and they certainly come with much less strings attached. Almost always cheaper than VA loans.joseph1853 and adayrider Thank this. -
joseph1853 Thanks this.
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Could just be that Tax laws regarding your particular type of loan are about to change and they are stalling you until they do? Thats what happened to me in 86 before the great Reagan Tax Reform of 86. My house was scheduled to close in April of that year and finally closed one month after the Tax Reform in August,which took away a lot of home related deductions that I wouldve gotten if it had closed when it was scheduled. Im sure mine was not the only one that was set off that year?
Last edited: Dec 22, 2018
joseph1853 Thanks this. -
The prime rate just went up,2.5%,maybe they were waiting on that.
joseph1853 and SteerTire Thank this. -
Loan officer said that's the law (here in MI). I dunno if he was blowing smoke, or was truthful. In either case the rate never changed so I don't know if it would have been an issue.joseph1853 Thanks this. -
a $7/hr college kid is doing the initial approval on your loan. You need to get past him to further the process.
joseph1853 and SteerTire Thank this.
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