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Updated over 2 years ago on . Most recent reply

User Stats

16
Posts
22
Votes
Bryce K.
  • Investor
  • Lakewood, OH
22
Votes |
16
Posts

4 Loans max at FNB of PA

Bryce K.
  • Investor
  • Lakewood, OH
Posted

My mortgage broker, who have been using for over a decade, and have followed from bank to bank as he progressed through his career, told me this morning that First National Bank of Pennsylvania has a new internal rule that no customer may have more than four loans with that bank. Commercial loans do not count, we are waiting to find out if this is per married couple or individual.

Is anyone else seeing this with any other mortgage providers? I have reached out to the other banks that I have mortgages with to see if this is a trending new issue.

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