Posted on: 03rd Aug, 2010 12:22 pm
We have over 800 credit rating. 20% down. We were accepted by the bank. However, FannyMae turned down our application because there are 82% of the units built. Is there anyplace we can get a mortgage in Michigan without FannyMae?
Welcome galatioto,
I really appreciate the fact that you've an excellent credit score. You can contact private lenders in order to check out whether or not you can get a loan on the said property. However, if you get a loan from a private lender, there are chances that you may have to pay higher interest rates.
I really appreciate the fact that you've an excellent credit score. You can contact private lenders in order to check out whether or not you can get a loan on the said property. However, if you get a loan from a private lender, there are chances that you may have to pay higher interest rates.