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dmj30064
236 Posts |
 Posted - 02/20/2008 : 07:14:15 AM
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I am working with a borrower looking to buy a home in GA, he has a 601mid score looking to go stated income at 80%-85% LTV if possible. The scenario is below:
Appraised Value:245000
Loan amount: 196000
LTV: 80
CLTV: 80
Occupancy: Owner Occupied
Loan Purpose: Purchase
Loan Type: Conventional
State: GA
Doc Type: Stated Income
Middle Score: 601
Debt Ratio: 45
Seasoning: 24+ months RENT
Mortgage Lates: None
Foreclosure: None
Bankruptcy: None
Tradelines: 7
BO if any lender out there still does this, please point me in the right direction. 678-395-8403 or djefferson@approvequities.com. Thanks in advance!! |
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time101
172 Posts |
Posted - 02/20/2008 : 11:42:31 AM
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105% HOME LOAN PROGRAM
• New conventional loan with interest-only feature
• Zero down payment required
• Variety of Loan types and terms to fit your individual needs
• You DON’T have to be a first-time homebuyer
• 1-and 2 unit properties are eligible
• No sale price limits
• Higher income limits than many down payments assistance programs
• Program is available in multiple states, CA, NV,OR, WA, CO, MO, AR ,UT, NM and TX
• Interest-only loan can lower payment
• Discounted Mortgage insurance(MI) option
• DON’T CARE ABOUT DECLINING MARKETSCALL FOR MORE INFO
Dewayne McDaniel
909-888-7999 Office
562-688-8487 Cell
dewaynemcdaniel@yahoo.com
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dmj30064
236 Posts |
Posted - 02/20/2008 : 12:45:11 PM
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Property is in GA. Please advise.
quote:
Originally posted by time101
105% HOME LOAN PROGRAM
• New conventional loan with interest-only feature
• Zero down payment required
• Variety of Loan types and terms to fit your individual needs
• You DON’T have to be a first-time homebuyer
• 1-and 2 unit properties are eligible
• No sale price limits
• Higher income limits than many down payments assistance programs
• Program is available in multiple states, CA, NV,OR, WA, CO, MO, AR ,UT, NM and TX
• Interest-only loan can lower payment
• Discounted Mortgage insurance(MI) option
• DON’T CARE ABOUT DECLINING MARKETSCALL FOR MORE INFO
Dewayne McDaniel
909-888-7999 Office
562-688-8487 Cell
dewaynemcdaniel@yahoo.com
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forsociald
2140 Posts |
Posted - 02/21/2008 : 3:25:06 PM
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quote:
Originally posted by time101
105% HOME LOAN PROGRAM
• New conventional loan with interest-only feature
• Zero down payment required
• Variety of Loan types and terms to fit your individual needs
• You DON’T have to be a first-time homebuyer
• 1-and 2 unit properties are eligible
• No sale price limits
• Higher income limits than many down payments assistance programs
• Program is available in multiple states, CA, NV,OR, WA, CO, MO, AR ,UT, NM and TX
• Interest-only loan can lower payment
• Discounted Mortgage insurance(MI) option
• DON’T CARE ABOUT DECLINING MARKETSCALL FOR MORE INFO
Dewayne McDaniel
909-888-7999 Office
562-688-8487 Cell
dewaynemcdaniel@yahoo.com
The spammer strikes again!!! |
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mganovsky
2074 Posts |
Posted - 02/25/2008 : 08:27:15 AM
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| I would try U.S. Bank, they will do 1 loan to 100% with no MI. Not sure if you can get it done with a 601 Fico. Good luck to ya. |
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dmj30064
236 Posts |
Posted - 02/25/2008 : 08:29:49 AM
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Thanks, I will check with them now.
quote:
Originally posted by mganovsky
I would try U.S. Bank, they will do 1 loan to 100% with no MI. Not sure if you can get it done with a 601 Fico. Good luck to ya.
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OTL
28 Posts |
Posted - 02/25/2008 : 1:08:49 PM
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| Can he go bank statements? |
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manwithaplan
487 Posts |
Posted - 02/25/2008 : 1:10:28 PM
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| w2 or self employeed? |
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dmj30064
236 Posts |
Posted - 02/25/2008 : 1:54:20 PM
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stated, works as licensed hair stylist, can show beautician license for past 2 years. Please advise.
quote:
Originally posted by manwithaplan
w2 or self employeed?
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manwithaplan
487 Posts |
Posted - 02/25/2008 : 1:55:02 PM
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| Chase |
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lorimath2005
355 Posts |
Posted - 02/25/2008 : 2:06:12 PM
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| Try Equifirst |
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subprime
3606 Posts |
Posted - 02/25/2008 : 4:22:20 PM
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Dijon
Equifirst can get this done at 80% going SIVA if s/e or higher if they can go bank statements for proof of income
Go to www.equifirst.com to find a rep in your area |
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OTL
28 Posts |
Posted - 02/25/2008 : 4:56:21 PM
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| Chase wil do 65%LTV Stated S/E at 601 Fico. Need min 620 to go up to 90%. |
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RGK2394
1224 Posts |
Posted - 02/26/2008 : 09:31:27 AM
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quote:
Originally posted by mganovsky
I would try U.S. Bank, they will do 1 loan to 100% with no MI. Not sure if you can get it done with a 601 Fico. Good luck to ya.
That program ends tomorrow, have to get it in and lock it ASAP!!! |
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