 New Home Loan Denied by Builder's lender- Give up or keep trying? |
| I put a contract on a townhouse/condo in April with an earnest deposit of 5K. I did not have a credit score, I make good money and have been employed for a long time, My parents are putting down a ... |
|
 Can you believe they want this house destroyed? |
http://einhod.blogspot.c
its the fifth story down, i know he built it illegally but its so beautiful
it'... |
|
 Anyone worried that they will never be able to afford their own home? |
| House prices seem to be rising way above inflation every month. Is anyone else scarred that they may never be able to afford their own home?... |
|
 Buying your home outright? |
| Having enough money to buy a house without mortgage...is it better to do just so?..or would it still be better getting a loan?... |
|
 How much does a lot cost? |
| A lot that is 200'x200'x200'x200'... |
|
 Is it okay to go through life without friends? |
| I am not good at making friends or keeping friends. I call myself the loner. I really don't think I need friends. Is that okay?... |
|
 My boyfriend is thinking about taking out a mortgage......? |
| I am personally in the middle of a bankruptcy, so I know I would not be able to get on the mortgage. However, I am going to help pay for it because we know we will be spending our lives together. Is ... |
|
 When searching for flats, what does PCM next the the price mean? ex. £5,416 (pcm)? |
| I'm using online agencies to find an apartment in London, and some use the p/wk price, while others are listing "PCM." What did this mean?... |
|
 Our tenant just informed us that he is moving out a month before his lease is up...? |
| and he wants to know if he will be getting his security deposit back? My husband wants to tell him "no" because we're going to be out a months rent! What do you think?... |
|
 I have a noisy neighbor who won't quiet down, what can I do? |
| I have a upstairs neighrbor who at night. usally 12am - 3am, makes so much noise i can't sleep. I've lived in m rental unit for two years, she just moved in two months ago. I've ... |
|
 I have no kids and barely enough money to pay rent, bills etc, where can i get help? |
| I live in Delaware. I have no kids and I am not disabled. The job that I have is basically minimuim wage, i have been working it for 7 yrs. By the time I pay my rent, utilities,gas,insurance I have ... |
|
 My neighbor's smoking is killing me!!!! Manager do nothing!!!? |
I live in an apartment building;This week a new neighbor moved next door.
Someone in there smokes. A LOT.
Smoke makes me sick (I am allergic to it) and I am feeling every time ... |
|
 Where 2 get $2500 immediately for rent? |
| today i got an letter 4 redempition for an apartment ...n the bill is 2500 thats need 2 be payed by the 5th of december...or we will be evicted....n i hve bad credit..n i need the money cause we have ... |
|
 Food costs a month? |
| I've never lived on my own but this summer me and my bf are gunna rent a studio apartment in cali and I was just wondering how much peope would think food costs would be monthly for two people ... |
|
 How much rent do you pay? |
| I pay $900 a month for a one bedroom apartment in California. It's not even that nice, the kitchen is really old and there is no diswasher or washer/dryer. I would like to move but it is ... |
|
 Should we allow more houses to be built in the u.k? |
it would solve most of our problems. e.g. high house prices
it will help lots of young people but it will impovish many baby boomers.... |
|
 Evict or not? |
| I have a tenant who is suppose to have 3 people in her 1 bedroom apartment. Come to find out she has 7-8 people. I pay water, sewerage, garbage. I sent her a letter explaining to her that she is ... |
|
|  |
nilo10107 | Is it normal for a lender to ask me over the phone what my citizenship status is? |
After I spelled my name (which is African), this lender asks me what my citizen status is. I've never been asked this question before by any lender. He told me because he wanted to know if i was legally, which makes no sense because i wouldn't be looking to buy a house if i was not here legally. Is this normal? I decided not to do business with him but just wanted to know if anyone else has been asked this question before.
Additional Details
and I am a US citizen. |
 |
 
Tommy
 |
no it is not |
|
Fatty
 |
yes. this is actually a question on the last page of a uniform residential loan application. they also can ask race/ethnicity. banks typically show this to prove they are compliant with equal opportunity lending laws. if you are still in the market... i would be happy to help. |
|
chumitraka
|
Sure
They can ask for proof of residence too. |
|
Honest and fair
 |
Yes, it is legal. And you should not be offended by this question. If you are not a resident of the country you can more easily leave and not pay back your debt.
And people by real estate in countries where they are not residents all the time. |
|
frankie b
|
Yes This question started to rise after 911. It has to do with the patriot act. At the closing they may ask you if you are a terrorist, or plan on harboring one. Are you going to get offended and walk out of the closing? No, so call this guy back and give him the chance to close the loan he worked hard on. |
|
redvelvetflames4ever
|
Yes he can and the main reason being is the scrutiny all mortgage lenders are now under. They were giving out loans like candy to everybody and there mother without checking citizenship status, credit historys, etc... The gov't is now on there **** because of this. Hundreds of homes are now under foreclosure and it's not over yet. They anticipate by years end in the thousands. So I can understand why you are concerned with this question, but this is the reason. Was actually in all the major newspapers and TV (I'm in NY) |
|
Heidi P
 |
yes when i worked for bank of america we asked that question that would tell us if we needed ss or alien numbers it works with credit and helps us determine if you are who you say you are so no one can open up accounts in your name |
|
imisidro
|
Your citizenship status can spell the difference between getting a high APR loan or a low APR loan. There are mortgage lending companies that offer loan programs only to those who have at least permanent residency.
Those only with work visas have more limited options in financing, and may get a higher rate than US citizens and permanent residents. I know of folks who's here on work visa and their permanent residency is still undergoing processing, and they were given a higher rate - and told to refinance their mortgage when they get their permanent residency in order to get a lower rate
Hence when the lender noticed you have an accent and have a foreign sounding name, then they asked your citizenship status.
I have undergone the same process and same questions as you did, given that I am also a immigrant |
|
cemlkd
 |
yes alot of different people ask that now days any job application or banks ask, its for tax purposes |
|
Timberuno
 |
The way he asked it may have came off as offensive, but it is perfectly legal...To re-iderate "fatty"'s comment.
On the last page of the 'uniform Residential Loan Application',
Fannie Mae Form 1003 section VIII.
Line J. "Are you a U.S. Citizen"...yes/no
Line K. "are you a permanant resident Alien"...yes/no
So yes it is legal...and normal...etc, etc...
If you would like help on obtaining more loan info. feel free to contact me via e-mail. |
|
Tom S
|
Yes, it's normal to ask whether or you are a citizen. It is a standard question, since a "Non-Resident" Alien can't get all loans available to citizens. A bank doesn't want to lend money to someone who will move out of the country next month. If you are not a citizen of the US, the Loan officer should find out whether you have the legal right to live in the United States, and just as important, whether you have the legal right to be employed in the United States.
Yes, he should ask, but he could have been more tactful about when to ask the question |
|
Janet P
|
It is a legal question and you would be surprised at what the illegals will do. They usually do it with stolen identity though, so asking seems rather futile.
But, on the other hand. DO NOT get a loan via the internet or telephone. You have no idea if the person you are talking to is who and WHERE you think they are. You are running a risk of identity theft yourself. Work with someone in an office, face to face. |
|
kelleyann_p
|
Patriot Act Sister!! |
|
squirts502
|
I have been asked before. It is something that they are not required to ask , but they can if they feel that it may jeopardize the lending process or repayment of loan. |
|
goombajoe
|
thats crazy |
|
Kam
 |
I believe that it is illegal to ask personal questions when you are just shopping around. You should report him to his superior immediately. |
|
Eris
|
no |
|
D H
|
no they are not allowed to asked you personal questions like that.that is in my opinion racist and should be a violation of your civil rights |
|
War d
|
Tell him since you will sue him for discrimination, he better lend you the cash at 0% interest. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
19 | 29 minutes(s) ago
| | | |
19 | 1 hour(s) ago
| | | |
19 | 4 hour(s) ago
| | | |
19 | 9 hour(s) ago
| | | |
20 | 2 day(s) ago
| | | |
19 | 3 day(s) ago
| | | |
18 | 1 week(s) ago
| | | |
18 | 3 week(s) ago
| | | |
18 | 2 month(s) ago
| | | |
19 | 4 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
