[StBernard] SBA loans -- why are some getting more than others?

Westley Annis westley at da-parish.com
Mon Jan 23 22:50:41 EST 2006



debby,

in my case, i am getting what is called a 'relocation' loan. i relocated to
the northshore, and so therefore i can refinance the mortgage i placed on
the new house with the sba. i explained to them that i was not returning to
st. bernard as there is no levee protection and my childs school was in the
oil spill area. so, in order for my family to be safe, the relocation loan
was the way for us to go. now prior to my buying a home on the northshore,
the sba was only going to lend me $24,900 to go towards repair of my home on
judy drive........i hope this answers your question, good luck,

nancy sinopoli


-------Original Message-------


Why are some getting large loans why some like me, getting a very low
amout?? My mortgage company said my payoff was NOT mandatory so therefore I
can only borrow approx $25K.

Debby








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