I have bought (and sold) a few houses, including investment houses, during my lifetime. Except for cash, Citizens First was the simplest of all the transactions. As one of the previous posters mentioned, most of us with homes in TV are "unemployed" and I can tell you from a recent unpleasant experience in Virginia, that having assets and no job presents a real problem for mortgage lenders. Not so at Citizens since the majority of their mortgages are to the old and unemployed, they get it.
As a final comment, we found them to be competitive on rates, perhaps I could have shaved a few points with a lot of effort, but with the need to fund in 30 days, there was no need to jerk-around.
SO, get Citizens to pre-qual, pre-approve you, and happy house hunting!!!
|