Why can I not get a loan?

[Doofrat]

Personally, I wouldn’t loan you the money. You may have great credit and high income, but that doesn’t mean you won’t walk if/when the $800K house becomes a $700K house. Even if it doesn’t decline, at 10% down, you’re almost underwater because of commissions and fees if you should decide/are forced to move.

[MadeInTaiwan]

I am not sure if this is your situation but I’ve heard read that only one major US lender is doing Jumbo (anything over $729,000) loans back in Dec.

Maybe HLC can help. If few lenders are funding/selling Jumobs, this of course portends well for those fence sitters waiting for “high quality” areas. If fewer people can get burrow over $729,000, then that sets ap on how many homes can sell for over that price

[MadeInTaiwan]

I am not sure if this is your situation but I’ve heard read that only one major US lender is doing Jumbo (anything over $729,000) loans back in Dec.

Maybe HLC can help. If few lenders are funding/selling Jumobs, this of course portends well for those fence sitters waiting for “high quality” areas. If fewer people can get burrow over $729,000, then that sets ap on how many homes can sell for over that price

[MadeInTaiwan]

I am not sure if this is your situation but I’ve heard read that only one major US lender is doing Jumbo (anything over $729,000) loans back in Dec.

Maybe HLC can help. If few lenders are funding/selling Jumobs, this of course portends well for those fence sitters waiting for “high quality” areas. If fewer people can get burrow over $729,000, then that sets ap on how many homes can sell for over that price

[MadeInTaiwan]

I am not sure if this is your situation but I’ve heard read that only one major US lender is doing Jumbo (anything over $729,000) loans back in Dec.

Maybe HLC can help. If few lenders are funding/selling Jumobs, this of course portends well for those fence sitters waiting for “high quality” areas. If fewer people can get burrow over $729,000, then that sets ap on how many homes can sell for over that price

[MadeInTaiwan]

I am not sure if this is your situation but I’ve heard read that only one major US lender is doing Jumbo (anything over $729,000) loans back in Dec.

Maybe HLC can help. If few lenders are funding/selling Jumobs, this of course portends well for those fence sitters waiting for “high quality” areas. If fewer people can get burrow over $729,000, then that sets ap on how many homes can sell for over that price

[blahblahblah]

We have a rapidly growing family and don’t see why we should have to live in a townhouse when we make a quarter million dollars a year.

You don’t have to live in a townhouse because you don’t have to buy! You can rent an amazing house for $2500-3000/mo. in that area and continue to save your money to get to your 20% down payment. By that time prices will have fallen even more and you’ll be able to get that loan no problem. Good things come to those who wait! Check out the rentals to see what is available — you might be surprised how nice some of them are…

[blahblahblah]

We have a rapidly growing family and don’t see why we should have to live in a townhouse when we make a quarter million dollars a year.

You don’t have to live in a townhouse because you don’t have to buy! You can rent an amazing house for $2500-3000/mo. in that area and continue to save your money to get to your 20% down payment. By that time prices will have fallen even more and you’ll be able to get that loan no problem. Good things come to those who wait! Check out the rentals to see what is available — you might be surprised how nice some of them are…

[blahblahblah]

We have a rapidly growing family and don’t see why we should have to live in a townhouse when we make a quarter million dollars a year.

You don’t have to live in a townhouse because you don’t have to buy! You can rent an amazing house for $2500-3000/mo. in that area and continue to save your money to get to your 20% down payment. By that time prices will have fallen even more and you’ll be able to get that loan no problem. Good things come to those who wait! Check out the rentals to see what is available — you might be surprised how nice some of them are…

[blahblahblah]

We have a rapidly growing family and don’t see why we should have to live in a townhouse when we make a quarter million dollars a year.

You don’t have to live in a townhouse because you don’t have to buy! You can rent an amazing house for $2500-3000/mo. in that area and continue to save your money to get to your 20% down payment. By that time prices will have fallen even more and you’ll be able to get that loan no problem. Good things come to those who wait! Check out the rentals to see what is available — you might be surprised how nice some of them are…

[blahblahblah]

We have a rapidly growing family and don’t see why we should have to live in a townhouse when we make a quarter million dollars a year.

You don’t have to live in a townhouse because you don’t have to buy! You can rent an amazing house for $2500-3000/mo. in that area and continue to save your money to get to your 20% down payment. By that time prices will have fallen even more and you’ll be able to get that loan no problem. Good things come to those who wait! Check out the rentals to see what is available — you might be surprised how nice some of them are…

[j]

With 250K+ in income, you can save up for a larger down payment. I know this is novel to this generation, but it was the standard for decades. Oh, and when it was the standard, foreclosure rates were lower.

[j]

With 250K+ in income, you can save up for a larger down payment. I know this is novel to this generation, but it was the standard for decades. Oh, and when it was the standard, foreclosure rates were lower.

[j]

With 250K+ in income, you can save up for a larger down payment. I know this is novel to this generation, but it was the standard for decades. Oh, and when it was the standard, foreclosure rates were lower.

[j]

With 250K+ in income, you can save up for a larger down payment. I know this is novel to this generation, but it was the standard for decades. Oh, and when it was the standard, foreclosure rates were lower.

[Author]

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