Mortgage Grapevine

HomePath Renovation Wholesale?

Hey folks - does anyone know of a wholesale resource for HomePath Renovation loans?

Thank you!
by MichiganTed December 13, 2012 2:53 PM


I think Flagstar does these.

by Vinnie The Leg Breaker December 13, 2012 3:01 PM


My recollection was that they did the straight HomePath, but didn't think they did Reno. I have a call in to them.

Gracias
by MichiganTed December 13, 2012 3:03 PM


Kudos to Mike Saunders of First Guaranty Mortgage Corp who contacted me to let me know that they do it - thanks Mike!


by MichiganTed December 13, 2012 3:37 PM


Ted,
Been several years since I did business with First Guaranty, but it was not good. They said they would do a lot of things, but in the end they didn't, or made it impossible to close.

Just be careful, they may be the best at this point, but I remember them when I tried to use them and it was not a good experience. I can even remember sending them an FHA manufactured construction loan that they specifically said they did and they then turned down essentially because it was an FHA manufactured construction loan.
by Vinnie The Leg Breaker December 14, 2012 12:48 AM


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