Finding a Mortgage Lender

[Mary Umoh]

Hey BP,

I’m in the process of choosing a lender for purchasing my first home. I’m approved for the Philly First Home Program grant and need a lender that accepts this grant.

I’ve spoken to a few lenders and my search has been lukewarm. Some say they aren’t sure if the grant is excepted and will get back to me and never do. Others give inaccurate information after speaking with various loan officers at the same bank.

I’m with Affinity Credit Union but I don’t qualify for their 3% down conventional loan since I’m looking to purchase a duplex.

Some of the places I’ve already spoken to are loanDepot, Fulton Bank, Customers Bank and I’m waiting on someone to call me back from M&T Bank. I'd prefer going with a good local small bank.

Any suggestions are much appreciated.