posted on Jul, 14 2010 @ 04:47 PM
I have to say I'm pretty ticked off here.
Credit score in the 730-750 range.
No outstanding debts.
Decades of on time payments.
Cash in hand.
Government employee who wouldnt lose his job if he killed 15 people.
When I find a house this is what I get after weeding through all sorts of half-truths and some outright lies about FHA requirements when finally
calling the lender out on specifics:
a perfectly acceptable borrower may not qualify for an unacceptable property
Verbatim from more than one.
What is this? They trying to unload certain properties in certain places? Artificially boost one area of a town over another?
Sure, it's the lenders right not to lend. I see that and I support that. But when all indicators essentially guarantee this loan will be paid what
are these other factors that make for "...may not qualify for an unacceptable property."??
There has to be more to this besides some simple risk formula.