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Updated almost 5 years ago on . Most recent reply
Refinance of duplex stalling
I am trying to refinance $970K for a duplex in Santa Clara county (Fannie/Freddie loan limits are $980,325 for two-unit properties) through a mortgage broker. The loan got approved and appraisal done a month ago on 2/24. The broker is telling me that all lenders have frozen lending due to market conditions. Is he telling the truth?
Most Popular Reply
Shaun Weekes
- Loan Officer / Processor / Life & Health Agent
- Rancho Cucamonga, CA
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@Simon Bloch
Fannie and Freddie are business as usual. They have tightened some guidelines but all and all loans are still funding on a daily basis.