All FHA Lenders Are Not Created Equal!

February 10th, 2010 categories: Mortgages & Financing

The FHA Condo Approval process changed on February 1^st, 2010 and choosing the right lender could be the difference between getting the Honolulu home you desire or losing it to a stronger buyer.

Consider the two differ type of FHA lender approval process:

HRAP- Department of Housing and Urban Development Review & Approval Process. After making your loan application it will be reviewed by the Department of Housing and Urban Development in Santa Ana, California. This will take from 6 to 8 weeks.

DELRAP- Direct Endorsement Lender Review and Approval Process. This option is only available to lenders who have unconditional Direct Endorsement (DE) authority. Wells Fargo’s experience and expertise qualifies it as Direct Endorsement lender. As a DE Lender, I am able to reduce your FHA condo approval process to two weeks, thus putting you in a position to close more quickly and compete well for the good properties.

I’m Tim O’Leary, Private Mortgage Banker with Wells Fargo Home Mortgage of Hawaii, please feel free contact me at 808-227-1199 to discuss your specific mortgage needs. CLICK HERE TO START THE APPLICATION PROCESS.

This entry was posted on Wednesday, February 10th, 2010 at 2:23 pm and is filed under Mortgages & Financing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.