Sentences with phrase «lending on a conventional mortgage»
My mortgage broker told me I have no chance of a bank lending on a conventional mortgage with major issues like visible water leaks.
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According to John Councilman, federal housing chairman for The National Association of Mortgage Brokers, a credit score below 740 will bring on intense scrutiny and sizable fees in the conventional lending market.
Conventional mortgage lenders may not lend to borrowers who have a foreclosure or bankruptcy on their credit reports.
Conventional is the most common type of mortgage loan, based on lending volume.