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mbugg
371 Posts |
 Posted - 11/27/2007 : 08:26:17 AM
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I have a DU -LP APProval- problem is- He is self employed and I just got his 1040- He writes off 1/2 of income...... Need:
- LP or DU Approval that will allow for 30 days income - no 1040 - (yeay right.....)
- No Doc
- SIVA
- Stated -
****** must allow for 6% sellers concessions
680 score - MD Property - 444,000 loan amount
Anything- I'm desperate- we were suppose to close tomorrow!!
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Coronasteve
1940 Posts |
Posted - 11/27/2007 : 09:08:20 AM
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If you were supposed to close tomorrow, how in the world did you get this far without having 1040's and actually knowing the income?
And a 6% concession? That is not Fannie/Freddie for <$417,000, you're looking at an Alt-A or non-prime deal.
Unbelievable....
quote:
Originally posted by mbugg
I have a DU -LP APProval- problem is- He is self employed and I just got his 1040- He writes off 1/2 of income...... Need:
- LP or DU Approval that will allow for 30 days income - no 1040 - (yeay right.....)
- No Doc
- SIVA
- Stated -
****** must allow for 6% sellers concessions
680 score - MD Property - 444,000 loan amount
Anything- I'm desperate- we were suppose to close tomorrow!!
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msancheznj
2255 Posts |
Posted - 11/27/2007 : 09:11:34 AM
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| $444K is non-conforming. |
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ac_crusade
789 Posts |
Posted - 11/27/2007 : 09:33:46 AM
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| I heard Wachovia still does some stated but I can't remember if to 95%. 680 or 700 FICO I believe. You could check them out, hopefully they have something for you. |
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Shuggins
1282 Posts |
Posted - 11/27/2007 : 09:37:10 AM
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Citi still has DU Ageny Sisa. I am doing a NOO with a 6.5% rate.
Turn times are horrible though you won't close until sometime next month.
I as well have the same question how did you get to closing tomorrow without having financials?? |
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