We've been trying to get a mortgage loan. We were told last fall by one lender that we qualified for an FHA loan, but when we went to get pre-approved (at a different lender), we were told that our credit scores didn't meet the NEW guidelines, and we were turned down. But the first lender still says we qualify. I'm truly confused. FHA guidelines are universal - they are set by the government. So, why would one lender say we qualify when another lender says we don't? Neither of our lenders will give us a straight answer on this, and I'm wondering if the one who says we qualify is just leading us on... Any thoughts?
Asked by Anonymous at 4:26 PM on Mar. 3, 2010 in Money & Work
Answer by Kari126 at 5:22 PM on Mar. 3, 2010
Answer by Anonymous at 5:38 PM on Mar. 3, 2010
Answer by CorrinaWithrow at 6:55 PM on Mar. 3, 2010
Answer by Anonymous at 7:16 PM on Mar. 3, 2010
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What would cause one mortgage lender to turn us down but another to say we...