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#2230224 - 02/04/20 06:36 PM "Rural and Underserved"
Parluc Offline
Junior Member
Joined: Jan 2010
Posts: 34
Our small community bank is located in a "Rural and Underserved" county. We are also a small creditor. Being both, we get a lot of exceptions to the regulations.

My question is.....Can I do a real estate loan in a county that is not a "rural and underserved" county and still get the exceptions that apply to Rural and Underserved. Does it go by my banks location or the property location or both?

We have a borrower that we would like to do a portfolio home loan for on property located in a large urban county.

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Ability to Repay/Qualified Mortgage Rule
#2230284 - 02/05/20 04:15 PM Re: "Rural and Underserved" Parluc
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,651
Galveston, TX
You either qualify or you do not. Where you make specific loans is not a consideration.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2230288 - 02/05/20 04:45 PM Re: "Rural and Underserved" Parluc
Parluc Offline
Junior Member
Joined: Jan 2010
Posts: 34
Thank you!

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