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Communities don't normally get ivvloned in the type of loans a person would obtain to purchase a house.This is what was called Red Lining long ago and is considered bias against certain purchasers. I am not understanding this at all.If a lender is saying they will not lend FHA loans in certain areas of a city, again this is considered Red Lining against a certain part of the population and would not be tolerated by FHA. It is against the law not to lend in certain areas by both conventional lenders as well as government insured loan by lenders also.The thing that come to mind is that the house you are trying to buy might exceed the FHA loan limit which I think in California is approximately $717,000 for a single family house and more for duplexes and 4 units. This is the only reason I can come up with that FHA would not lend is because your purchase would exceed the FHA limit.Just about any other reason would be against the various civil rights laws.I hope this has been of some benefit to you, good luck. FIGHT ON Was this answer helpful?
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(VISITOR) AUTHOR'S NAME
Tejash
MESSAGE TIMESTAMP
16 december 2014, 16:51:05
AUTHOR'S IP LOGGED
62.210.78.179
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