Aside from FHA loans, it's getting harder to find a loan. Mortgage brokers who want to offer FHA loans have to undergo a stringent audit and have thousands of dollars of cash in the bank. Otherwise, the loans are big with ordinary folks. Lenders are much stricter with their lending standards these days. Many brokers can't qMortgage Brokers Frustrated With FHA Loans Mortgage brokers can't make any money off these loans. So they have no incentive to steer people towards them. There are always two sides to every coin. As with all things, online mortgages, for all their many benefits, do have a certain disadvantage. And this certain disadvantage is enough to cause some people from engaging in such. Because part of the transaction is done online, people are hesitant to pursue online mortgages.
