| Author |
Previous Topic | Next Topic |
|
jyt123
28 Posts |
 Posted - 05/09/2008 : 07:01:10 AM
|
Have full package on borrower had a pre-qual from PerfectFHA and they changed the rules yesterday. under 580 NO ALTERNATIVE CREDIT....NO WIRING OF FUNDS TO TITLE OFFICE
This is the 2nd loan I have with this company and both loans are going down.
I need a lender who will work with alternative credit and lower than a 580 score.
Anyone know of a lender.
|
|
joeyostjr
26 Posts |
Posted - 05/09/2008 : 07:07:17 AM
|
Talyor Bean will do under 580 but you need to have it looked at before you submit. But technically they will do it. Maybe....
Hope this helps! |
|
|
HollywoodLO
81 Posts |
Posted - 05/09/2008 : 07:35:07 AM
|
| Check Security Atalantic. They will go down to a 531 R/E for FHA deals. |
|
|
Clr2close
105 Posts |
Posted - 05/11/2008 : 5:09:42 PM
|
Please email me to discuss further Dlaylock@idealmb.com
DAMON LAYLOCK
IDEAL MORTGAGE BANKERS
ACCOUNT EXECUTIVE
DIRECT-631-944-4016
FAX-631-944-4977
CELL-718-749-2112
EMAIL-DLAYLOCK@IDEALMB.COM
WEB-WWW.IDEALMB.COM
|
|
|
dtmwest
84 Posts |
Posted - 05/11/2008 : 10:17:30 PM
|
USA Bank does manual underwriting down to 540. Stearns will do that all day long w 580 (not bear stearns)Wells will do that too but Stearns is most competetive under 580
quote:
Originally posted by jyt123
Have full package on borrower had a pre-qual from PerfectFHA and they changed the rules yesterday. under 580 NO ALTERNATIVE CREDIT....NO WIRING OF FUNDS TO TITLE OFFICE
This is the 2nd loan I have with this company and both loans are going down.
I need a lender who will work with alternative credit and lower than a 580 score.
Anyone know of a lender.
|
|
|
dtmwest
84 Posts |
Posted - 05/11/2008 : 10:19:22 PM
|
Flagstar does High ltv FHA! FUC Indymac for any high ltv and no Wells for high ltv either. They are too conservative! Wells is practicing the 5% reduction for declining market in Cali and thats NOT an FHA guideline, yet they still added it! quote:
Originally posted by jyt123
Have full package on borrower had a pre-qual from PerfectFHA and they changed the rules yesterday. under 580 NO ALTERNATIVE CREDIT....NO WIRING OF FUNDS TO TITLE OFFICE
This is the 2nd loan I have with this company and both loans are going down.
I need a lender who will work with alternative credit and lower than a 580 score.
Anyone know of a lender.
|
|
|
khoiey
938 Posts |
Posted - 05/11/2008 : 10:59:15 PM
|
| Jesus. FHA maybe the next meltdown after option arm. |
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
