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Old 11-23-2010, 08:03 AM
 
3 posts, read 4,256 times
Reputation: 10

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Hello,
Really sorry for reviving this thread...
I've been talking to Wells Fargo and Astoria Mortgage and both didnt know about the MCC or SONYMA programs.
Can anyone recommend a solid lender with good rates and have experience with MCC or SONYMA?
Thanks
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Old 11-23-2010, 11:07 AM
 
Location: I'm gettin' there
2,666 posts, read 7,310,694 times
Reputation: 841
Quote:
Originally Posted by BKMax View Post
Hello,
Really sorry for reviving this thread...
I've been talking to Wells Fargo and Astoria Mortgage and both didnt know about the MCC or SONYMA programs.
Can anyone recommend a solid lender with good rates and have experience with MCC or SONYMA?
Thanks
Wells Fargo did my MCC. I have to admit that they did not know much abt it, but after I gave them the information the loan officer found out the required information. DM me if you need the loan specialist information. Maybe some branches do not do it.
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Old 11-23-2010, 12:42 PM
 
Location: Here
15 posts, read 15,946 times
Reputation: 18
I just stumbled on this and I appear to meet all the requirements but the site says only certain banks participate in this? Anyone know more about this? Wells Farg ois on the list but my lender, Citi, is not.

Thanks in advance for any insight.
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Old 11-23-2010, 05:27 PM
 
Location: Long Island
9,918 posts, read 23,033,675 times
Reputation: 5871
Quote:
Originally Posted by captkaos10 View Post
I just stumbled on this and I appear to meet all the requirements but the site says only certain banks participate in this? Anyone know more about this? Wells Farg ois on the list but my lender, Citi, is not.

Thanks in advance for any insight.
Sending you a DM.
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Old 11-23-2010, 06:45 PM
 
3 posts, read 4,256 times
Reputation: 10
I actually called Astoria Savings (participating lender on sonyma's website) and they said they dont' do it anymore.
Talking to Wells Fargo right now and they don't know much about it but I've given Elke's recommendation a call.

Another question no one could really answer was how they determine my income. Is it based on current paystubs? My wife's a freelancer so it's a bit more difficult.
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Old 11-23-2010, 06:48 PM
 
Location: Long Island
9,918 posts, read 23,033,675 times
Reputation: 5871
Quote:
Originally Posted by BKMax View Post
Another question no one could really answer was how they determine my income. Is it based on current paystubs? My wife's a freelancer so it's a bit more difficult.
That definitely adds another degree of difficulty - self-employed individuals (myself included) have a much tougher time qualifying and have to jump through additional hoops...

If you're still stumped after your next call, let me know and I may have another suggestion.
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