If one mortgage company can't find a loan for you because of your credit rating, can we try another one?

Do all mortgage companies have access to the same lenders or if one fails can another one find a lender?

If one mortgage company can't find a loan for you because of your credit rating, can we try another one?
They work with different banks. Don't deal online, those are scams, especially those that cruise around Answers looking for victims.





Ask your real estate agent to recommend someone. They usually know who can perform and it is in their best interest to help you find a loan.
Reply:Yes you can look for others mortgage companies, you may want to go through a broker. Many brokers have access to private investors who may be more willing to back your home purchase decision. I would personally wait a few more months before buying, the housing market probably won't bottom out till the beginning of the spring.
Reply:No, not all companies have access to the same loan programs. An individual bank will only offer their bank’s programs. This is the number one reason I did not get my mortgage through a bank. A mortgage broker can shop programs to try and find one that works for you.
Reply:Yes of course. I get those alot. My company deals with over 200 banks, lenders, and other private investors. So we most definitely can find you a lender.
Reply:my suggestion is to call brokers and ask them if they are mortgage brokers or corespondent lenders, the second usually has access to more banks and sometimes funds its own loans you will have a better chance with them. I have banks that work with low credit score people up to 95% financing but want to keep info private so e mail me and I will send you info
Reply:this is why you should try a broker.


they generally deal with a lot of lenders who can find you a program or competitive rates.





some brokers arent fha qualified...or dont do fha manual underwrite. you need both if you have a low credit rating.