Nlmc

[newstart]

I just want to tell all of you who ever doubted Been there when he talked about NLMC Inc. He was right. This bank does specialize in bad credit, foreclosure, and bankruptcy. Like I was told they can finance more because they are the bank. I was approved for 140,000+ at a 9% rate and was told that if I wanted to wait a year after my discharge I could receive an FHA loan at 7%. I was also told if it came down to me needing an extra $20,000 it would be no problem to get. So who ever doubted Been there owes an apology, a biiigggg one at that, even you Mtg banker. It's true you can get a mortgage right out of bankruptcy.

[chucko]

I just want to tell all of you who ever doubted Been there when he talked about NLMC Inc. He was right. This bank does specialize in bad credit, foreclosure, and bankruptcy. Like I was told they can finance more because they are the bank. I was approved for 140,000+ at a 9% rate and was told that if I wanted to wait a year after my discharge I could receive an FHA loan at 7%. I was also told if it came down to me needing an extra $20,000 it would be no problem to get. So who ever doubted Been there owes an apology, a biiigggg one at that, even you Mtg banker. It's true you can get a mortgage right out of bankruptcy.

100% loan at 9%??

[newstart]

Yes sir.

[MTG_BANKER_OH]

I just want to tell all of you who ever doubted Been there when he talked about NLMC Inc. He was right. This bank does specialize in bad credit, foreclosure, and bankruptcy. Like I was told they can finance more because they are the bank. I was approved for 140,000+ at a 9% rate and was told that if I wanted to wait a year after my discharge I could receive an FHA loan at 7%. I was also told if it came down to me needing an extra $20,000 it would be no problem to get. So who ever doubted Been there owes an apology, a biiigggg one at that, even you Mtg banker. It's true you can get a mortgage right out of bankruptcy.

9% that is nothing any other broker can not do. What closing costs did they quote you? and where are they going to come up with an extra $20,000 for y ou and why would you need it. You can do better then 9% just out of BK anyway. I have never said you can not get a loan out of BK with FHA you have to wait 2 years 1 year with documentable extenuating circumstances. Please post their Good Faith Estimate here please so I can let you know what type of deal they are getting you. Is it a 2 year fixed? I never doubted the other person they were just out of a chapter 13 you can get a loan out of a chapter 13 with FHA as long as you have 12 months. The fishy thing was with them they said the BK court released them out of the BK in 13 months at their request anyone that has been in one knows that is not the case unless it is paid off. I am working on a few loans now where my client is currently in a chapter 13 and going FHA.

[been there]

newstart

Good for you Newstart! NLMC was the only company that was able to do anything for me and my family!(after talking to about 10 other brokers) Happy house hunting!!

[newstart]

9% that is nothing any other broker can not do. What closing costs did they quote you? and where are they going to come up with an extra $20,000 for y ou and why would you need it. You can do better then 9% just out of BK anyway. I have never said you can not get a loan out of BK with FHA you have to wait 2 years 1 year with documentable extenuating circumstances. Please post their Good Faith Estimate here please so I can let you know what type of deal they are getting you. Is it a 2 year fixed? I never doubted the other person they were just out of a chapter 13 you can get a loan out of a chapter 13 with FHA as long as you have 12 months. The fishy thing was with them they said the BK court released them out of the BK in 13 months at their request anyone that has been in one knows that is not the case unless it is paid off. I am working on a few loans now where my client is currently in a chapter 13 and going FHA.

This is what I was quoted in my GFE, I can expect about 3-4k in closing costs. That would cover my title, tax, underwriting, survey, appraisal, recording fees, overnight fees, doc prep, etc. The terms are 30 years fixed with no pre-pay penalty at a rate of 8.6%. How does that sound? is there anything else I need to find out?

[newstart]

Good for you Newstart! NLMC was the only company that was able to do anything for me and my family!(after talking to about 10 other brokers) Happy house hunting!!

Thanks, Been There, eventhough I have cleaned up my credit report and have positive info reporting, I can say this is the only company I seen that was willing to do anything for me and thanks again for posting here with the info. Good luck to you also.

[Tedderbear]

Credit Scores

If you don't mind what are your credit scores (Newstart & Beenthere). I will probably try for a house sometime next year to give my scores time to improve but the sooner the better! Will they work with people in North Carolina? Also what type of income would I need to have?

[been there]

mine were pretty bad. When I was approved for our loan,I had a 519. But they don't go off of credit scores (Thank God!) If you want to contact them, send me a PM!

[been there]

Oh! according to the web site...they are licensed in all states

[defyint]

How do I find NLMC?

I just want to tell all of you who ever doubted Been there when he talked about NLMC Inc. He was right. This bank does specialize in bad credit, foreclosure, and bankruptcy. Like I was told they can finance more because they are the bank. I was approved for 140,000+ at a 9% rate and was told that if I wanted to wait a year after my discharge I could receive an FHA loan at 7%. I was also told if it came down to me needing an extra $20,000 it would be no problem to get. So who ever doubted Been there owes an apology, a biiigggg one at that, even you Mtg banker. It's true you can get a mortgage right out of bankruptcy.

who is NLMC & where do I find them?

[defyint]

Who is NLMC? And Where do I find them?

[chucko]

You do NOT want to find NLMC, if they are still even in business.

AVOID THEM LIKE THE PLAGUE THAT THEY ARE!!