Trouble getting a mortgage prior to starting job this Fall Forum

[lukertin]

Banks are shit tier, use a credit union

[guano]

Banks are shit tier, use a credit union

Use whoever gives you the lowest rate/closing cost combo

[alabamabound]

I'm having the same problem (or "problem," as it were). One bank is willing to close w/in 60 days of my start date. That's the best deal we've found.

60 days is fantastic. Did you just shop around with smaller banks? From talking with a few bankers, it seems like the bigger banks are completely opposed to doing this. Looks like you are using an AL bank? I'll be in GA.

We have also considered asking one of our parents to co-sign the loan, but I would only do that if an express condition to the deal was that they would get taken off the note after I furnished my first paycheck. I'm not sure if banks really do that.

Yeah, I've found smaller banks and/or private banks are more receptive to doing non-conforming loans (conforming loans = ones they can sell to Fannie and Freddie and you won't qualify for those given your situation).