Is it hard to get approved?
Anyone finding that the banks are tightening their reins? We were approved for a loan 3 months ago but now are needing our ratio to be below 36% our FICO score is in the high 700's. I'm wondering if it's this bank or all of them tightened up. by nicbri_841_906 from New Orleans, Louisiana. Sep 7th 2011
Garth Cook (garth@garthcook.com)
#5 ranked lender in Louisiana - 12 contributions
Does not sound right to me. You can call our New Orleans office at 504 339 5626 or Baton Rouge at 225 300 8895.
Brady Smedsrud (BradySmedsrud)
#3 ranked lender in Montana - 17 contributions
There are many banks actually loosening their reins right now. You should not have a problem qualifying with any ratio below 45% with most lenders, especially with credit in the 700's. Take some time to talk to some other loan officers from other banks or brokerages to see what all your options are.
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