where can someone go?

Question

for financing of a home other than going through a national bank? If you have up to 30% of the down payment?

Answer 1

look for a mortgage company, or even try going owner finance, if you actually have that much of a down payment a lot of lenders will work with you.

Answer 2

You can buy one of my houses with 30% down payment. Of course, the question is 30 percent of what? What price range are you looking at? I have homes available with owner financing. Visit our website at www.sellyourhousetoday.biz

Answer 3

There are many sources for mortgage money aside from national banks. State chartered banks, credit unions, mortgage companies, mortgage bankers and mortgage brokers are all possible sources.

BTW, one poster stated that mortgage brokers don't get commissions. This is incorrect. Their commissions are often hidden in the closing documents or are kicked back after closing from the actual lender. You'll be provided with a document that states this when you go into escrow for the loan closing.

If mortgage brokers didn't get paid, there wouldn't be any mortgage brokers! You don't work for free, and neither do they.

Answer 4

Wow- 30% is good. There are private mortgage companies that you can use as well as the major banks. When I bought my house, I used a mortgage broker. They do not recieve commission, nor do you need to pay them. They shop for the lowest rate for you based upon your downpayment and your credit rating. Often they can get you better-than-prime rates. I would go that route if I were you...

Answer 5

To a mortgage consultant. Look up mortgages in your yellow pages. If you have up to 30% for the downpayment - good for you! :-) In Michigan there is a company called Rock Financial - maybe you have somethig like that there where you live?