06-29-2011, 07:33 PM
Hi Community,
Believe it or not - I might get a land loan in HPP! It's not for sure yet - been working it for 2 months now. I'm under contract. We'll see if the lender will allow me move forward - I think they will. I must say, having gone through this process, I think the country/economy is in trouble. Lenders are not lending - unless you got lots of cash and no debt and excellent credit. Funny thing is they require 30-45% down but charge loan origination fees based on original loan amount before required down payment. Gimme a break!!
Wish me luck, I'm in underwriting. I hope to be a new HPP neighbor in the not to distant future.
Believe it or not - I might get a land loan in HPP! It's not for sure yet - been working it for 2 months now. I'm under contract. We'll see if the lender will allow me move forward - I think they will. I must say, having gone through this process, I think the country/economy is in trouble. Lenders are not lending - unless you got lots of cash and no debt and excellent credit. Funny thing is they require 30-45% down but charge loan origination fees based on original loan amount before required down payment. Gimme a break!!
Wish me luck, I'm in underwriting. I hope to be a new HPP neighbor in the not to distant future.