UT Lead if someone can do it FHA

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rtrefflich

3858 Posts

Posted - 04/03/2008 : 10:58:28 AM

I have a home I am trying to sell in UT. The guy doing the loan says he cannot get an investor to underwrite it. Here is the basic scenario. I am looking at all of these other scenarios and if they can be done, this one should be able to be done as well.

630 mid score
50% DTI Self employed 2 yrs annual tax return (averaged over two years)
Insurance Salesman
Purchase price is $160,000, I will do anything I can to help them buy the house

I have owned it for a little over 90 days so it is subject to two appraisals.

Anyone think they can get this done?

liverichly

3975 Posts

Posted - 04/03/2008 : 11:04:34 AM

We can do FHA in Utah but at a 50% debt ratio we'd likely need to get an FHA Total Scorecard accept/approve on it.

rtrefflich

3858 Posts

Posted - 04/03/2008 : 11:05:37 AM

Please give me a call to discuss

562-209-3816

quote:
Originally posted by liverichly

We can do FHA in Utah but at a 50% debt ratio we'd likely need to get an FHA Total Scorecard accept/approve on it.

ehm3

979 Posts

Posted - 04/03/2008 : 11:06:15 AM

Richard, I'll email you. I'd like to look at the file.

mykal5

3273 Posts

Posted - 04/03/2008 : 11:07:40 AM

This sounds like an easy one. I am headed to my daughter's dance recital but will give you a call when I return, or you can reach me at 801.352.4334. I am in Utah.

EMScommercial

5141 Posts

Posted - 04/06/2008 : 11:52:34 AM

i saw UT and was going to tell the poster to send his lead to you richard.... then i see that YOU are the poster.... funny

jcanepa

800 Posts

Posted - 04/06/2008 : 11:59:16 AM

what LTV?

rtrefflich

3858 Posts

Posted - 04/06/2008 : 12:06:53 PM

The client has 5% to put down, preferably less, I am the seller and will do some type of down payment assistance program or whatever to get it done. The highest LTV the better

quote:
Originally posted by jcanepa

what LTV?

rtrefflich

3858 Posts

Posted - 04/06/2008 : 12:07:38 PM

I'm the seller on this one and I don't do FHA

quote:
Originally posted by EMScommercial

i saw UT and was going to tell the poster to send his lead to you richard.... then i see that YOU are the poster.... funny

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