lucky1s
3329 Posts |
 Posted - 05/09/2008 : 2:44:35 PM
|
So they have a level 3 approval for a 579 fico on a 90% conforming purchase with a non-occupant co-borrower that has a 640 fico and is providing the down payment.
They tell the guy he is approved then realize nobody wants the loan because of MI.
So I tell them I will post their scenario here and see if anybody has any suggestions.
But I am thinking, isnt that considered non-owner occupied unless it goes FHA?
And 100% gift at 10% is not allowed with conventional financing right?
|
|
Search for: 
