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bluecollar2

(3,622 posts)

9. Credit Unions usually warehouse their own loans

Thu Apr 12, 2018, 11:57 AM

Apr 2018

Join one that does. Just ask them and they'll tell you.

It's usually in the loan document disclosure as well.

Banks are almost as bad as payday lenders as the worst places to go for a loan. I gave up on banks thirty years ago and have used credit unions exclusively since.

Banks hate credit unions so they must be meeting your requirements that they be ethical and customer centric.

Good luck.

BTW...I was a loan broker in a previous life and credit unions always had higher standards than banks when it came to lending...usually because they warehoused their own loans.

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12 replies

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Mortgage lending referral in WA? [View all] TalenaGor Apr 2018 OP

Quicken Loans is extremely reputable. democratisphere Apr 2018 #1

I had a great experience with them - see post #3. fleur-de-lisa Apr 2018 #4

Are you a member of a credit union? NT mahatmakanejeeves Apr 2018 #2

I don't know anything about WA lenders, TalenaGor fleur-de-lisa Apr 2018 #3

This is true. Fla Dem Apr 2018 #6

The problem is your best deal is going to come from a saleable (to Fannie/freddie) loan. Hassin Bin Sober Apr 2018 #12

BECU all the way. SeattleVet Apr 2018 #5

Check with a Realtor Sedona Apr 2018 #7

Washington Federal Turbineguy Apr 2018 #8

Credit Unions usually warehouse their own loans bluecollar2 Apr 2018 #9

For Seattle, we went with Salmon Bay Lending, and they were great. cemaphonic Apr 2018 #10

thank you all!! TalenaGor Apr 2018 #11