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Rainmaker
1,346,364
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

No, none of my buyers seem to be having any issues with getting their loans through Jason E. Gordon nor do they have anything to compare to, so I doubt they'd recognize it as "tougher" anyhow...it just is whatever process it currently is to get pre-approved. 

Jul 22, 2022 02:54 PM
Rainmaker
2,683,652
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Loan people and all their affiliates have to eat too! They are and will continue to perform their duties when called upon. So far, so good

Jul 22, 2022 11:51 AM
Ambassador
3,145,350
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I am not. It is all about working with a lender with an underwriting team that moves things forward and gets things done!

Jul 22, 2022 10:31 AM
Rainmaker
1,000,443
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

The only real barrier to buyer loan qualification is the rate.

Jul 22, 2022 08:38 AM
Rainmaker
1,424,800
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Just had a loan approved in 5 days.

Jul 22, 2022 09:10 AM
Rainmaker
2,052,830
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I was just seeking financing for a personal project this past month and I didn't preceive any industry quirks.

Jul 22, 2022 08:09 AM
Rainmaker
687,623
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Lenders are much quicker and more decisive now as refinance markets have dried up.

Jul 22, 2022 09:36 AM
Rainmaker
868,028
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Not really. Some lenders are making adjustments to address current market.

Jul 26, 2022 07:01 AM
Rainmaker
4,277,197
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I think adjustable loans will be coming back if there is another increase soon again.

 

Jul 23, 2022 10:17 AM
Rainmaker
808,261
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

No, I'm using the same lenders as in the past and no issues here. The only uncertainty is will the buyer still qualify if the interest rates go up.

Jul 23, 2022 05:56 AM
Rainmaker
4,508,476
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not that I have heard!

Jul 23, 2022 05:04 AM
Ambassador
5,697,346
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I doubt it.

Jul 22, 2022 10:26 PM
Ambassador
3,071,066
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

not seeing any lender issues, buyer hesitation is a different story

Jul 22, 2022 08:14 PM
Ambassador
2,758,721
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Am seeing cash transactions in this market, 2 out of 3 actually. The last transaction was less than 30 days for a mortgage loan, Peter.

Jul 22, 2022 05:34 PM
Rainmaker
2,124,582
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Loan mortgage lending sails smoothly if you use local banks is my experience in a rural market. Local banks with in state or local mortgage processing centers runs circles around lenders far from my state or with processing centers in far away solar systems Peter Mohylsky. BRIX REALTY !

Jul 22, 2022 05:34 PM
Rainer
348,476
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Turn time from complete application to docs five days on a purchase.

Some NonQM lender shops filed BK, 471000 people laid off, compression is real. We will see more lenders merge and close. 

Some pricing adds on non owner investment have increased.

Waiting to see the products GSE are developing for small loans under $100000; rural not USDA; and low mod loans that are on the President's desk.

Things are good. 

Jul 22, 2022 02:46 PM