Not all – particualrly if you are working with a big National Lender. As important of a question is which loan officers handle sub-prime mortgages. In my company, a National Lender, the loan officer takes the application for the sub-prime loan, but then teams with a sub-prime specialist. As you can imagine, a sub-prime loan has more issues to deal with, and it is harder to underwrite. You would want to work with a specialist who lives in this world.
most of them if you can show you got the means to pay, because these would be for rather large sums of cash
Not all – particualrly if you are working with a big National Lender. As important of a question is which loan officers handle sub-prime mortgages. In my company, a National Lender, the loan officer takes the application for the sub-prime loan, but then teams with a sub-prime specialist. As you can imagine, a sub-prime loan has more issues to deal with, and it is harder to underwrite. You would want to work with a specialist who lives in this world.