Posted on: 06th Jun, 2011 06:24 pm
im a loan officer in los angeles county. i have a client that is in need of a refinance loan. my clients loan is a conventional but neither fannie mae or freddie mac own the loan. so they cannot qualify for those special govt programs because the loan is not serviced through those two instituations. yes, the client can qualify for a fha or regular conv but we do not want to pay for mi. is there a program that will do this loan without mi?
Hi,
If your clients go for a FHA loan, then they will have to go for the option of mortgage insurance (MI). I don't think your clients will be able to avoid it.
Thanks
If your clients go for a FHA loan, then they will have to go for the option of mortgage insurance (MI). I don't think your clients will be able to avoid it.
Thanks