Originally Posted by LOCOChief
I know that as a community banker if you are a self employed person with an 800+ credit score and have 20% or more as down payment you have far less chance getting a loan than a person with a W2 from McDonalds with a 640 credit score whom filed bankruptcy 3 years ago putting 3.5% down and are allowed a 5% higher debt to income ratio.
If you have a public pension you will not have a problem getting a loan but if you have an IRA you are completely jacked.
Small / private business is the enemy of this administration and every small business person I deal with feels it.
why, they didn't build that
English Standard Version (ESV)
8 For by grace you have been saved through faith. And this is not your own doing; it is the gift of God, 9 not a result of works, so that no one may boast. 10 For we are his workmanship, created in Christ Jesus for good works, which God prepared beforehand, that we should walk in them.