Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Since the Financial Collapse I would avoid anything associated with Fannie or Freddie as well as any other mortgage broker associated with Wall Street.
I am a prior service Army veteran and in my opinion USAA or the folks I'm currently working with Veterans United Home Loans have been great. USAA I have for auto insurance and they are the best, Veterans United Home Loans seems to better interact with you more as far as mortgage help and putting you on the right path to ownership.
If you are a veteran there are miles of opportunity and programs, if you are not a veteran then Wells Fargo I would look into as they were one of few banks that did not get caught up in the financial mess and did not need a tax payer bailout.
Fannie, Freddie, JP Morgan, Citi, Bank of America I would avoid them like a plague.
We bought one in 2013 and it was pretty much like buying a regular home sale. We closed in about 40 days and got a great deal.
My advice would be to have a realtor experienced with REO sales and get a very thorough inspection. Alot of them can be in rough shape, but the one we bought was in great shape. They are out there.
Best of luck!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
