I tried FRB once, they are not better than any other bank. They play by the same rules applied by other banks. Somehow, FRB did not work out for me.
I think it all depends on the contacts we have. I used to contact prospect mortgage for any type of loans, but my contact has moved to wellsfargo.
Some private mortgage bankers like Prospect or RPM-MTG are easy to get loan, but little pricey.
So far, the lowest I ever had was with northpointe bank and they prefer primary mortgage only. feel free to send him email or contact him over phone (He is in EST zone). I do not think they waive appraisal fee, but cash back for closing cost may be provided. The rates are better than WFC or BAC…etc
Internet Loan Officer, NMLS# 730107
P: 616-974-8487 | F: 616-726-2587