There are definitely pros and cons to each so I figured I would just lay out a few benefits and personal thoughts: Small banks/brokerages:Pros:- Some regional knowledge of the market- Possibility of more creative lending guidelines with bank specific programs- Sometimes they have competitive rates for their areaCons: - weak balance sheet (more strict on some guidelines, no wiggle room, inability to be flexible or grant exceptions because they cannot afford to hold less than perfect loans)- Can't scale with clients to different markets- Usually limits exposure to individual investors (they don't want one investor to be too big of a portion of their balance sheet)- Lack of experience with multiple solutions (tend to have 2 or 3 loan products they sell and are too niche to provide tailored solutions)Large banks/brokerages:Pros:- Large compliance departments that understand individual market guidelines (typically each state has specific lending guidelines that augment the national baseline)- Ability to scale into multiple markets with same lender (licensed in many states)- Impossible for individual investors to "outgrow" a large bank's balance sheet (not concerned with one investor's concentration)- More lending solutions available for different scenarios- Often comparable or better rates given the game is volume basedCons:- Can be more difficult to get fast responses if the bank/brokerage does not have good follow up systems in place (or if the underwriting/processing staff gets overwhelmed)- Bad large banks can feel less like a relationship and more like a cog in a factory (less personal)Overall, I have worked from both and worked with both as a loan officer, branch manager, and as an investor/client myself. 

So IRS redemption rights are at a minimum 120 days, but they follow state law as to minimum redemption period so in AL you would have six months to possibly two years on IRS redemption.

FULL-SERVICE OPTIONA servicer offering their full services usually charges from $75 - $150 per loan per month (pricing is usually different for non-performing and performing loans) and performs the following tasks:Boarding of your loans – The servicer will enter all the necessary information about your loan into their loan management software.

They are incorrect and if you follow their advice, be sure to hit them up for the fee when the lender charges you.

@Linda West it is United Wholesale Mortgage, which you gain access to through a mortgage broker.To answer your original question, I like Navy Federal for the long draw period of 20 years, followed by repayment period.  

I follow up with unmatched FF leads and respond to every inquiry within 24 hours.  

The agent should be following-up on showings to learn what the prospects think.

Following is an answer from IRS to the question:https://www.irs.gov/pub/irs-wd/0721013.pdfIn summary, it is an adjustment to the purchase price of the home and generally is not includible in agross income.

His teachings are very practical and he gives you a blueprint to follow.

Either follow it or get out.