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jfreeb
7 Posts |
 Posted - 05/13/2008 : 1:34:34 PM
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728 mid fico
48/54 ratios
5% down
$200k
Will this qualify FHA?? |
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kalee3415
193 Posts |
Posted - 05/13/2008 : 1:37:57 PM
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Ratios are a bit high, but score is strong. No one can really tell you for sure without seeing the whole picture. You just need to take your chances and run it.
quote:
Originally posted by jfreeb
728 mid fico
48/54 ratios
5% down
$200k
Will this qualify FHA??
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jtm7332
500 Posts |
Posted - 05/13/2008 : 1:44:25 PM
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With that scenario, given that you are telling the whole story, I would imagine would fly fairly easily. Would not hurt to have reserves.
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CindyJo440
122 Posts |
Posted - 05/13/2008 : 1:59:55 PM
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| Even if you run it and get an accept or approve/eligible, you will need to check with the lender and make sure they will take it with the ratios that high. Some lenders will not take them with ratios that high, even DU/LP approves the loan. |
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Carpet Muncher
1385 Posts |
Posted - 05/13/2008 : 2:04:33 PM
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| How about a co-signer to get the DTI down? |
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Travis Du Bois
589 Posts |
Posted - 05/13/2008 : 2:07:33 PM
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Run DU if you can and if you get an "approved eligible" call me. I can make that happen for you.
6.25% with just under .5 back
Pending what state it is in.
http://www.brokeroutpost.com/loans/brokers/forum/topic.asp?TOPIC_ID=199979
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ladysammm
352 Posts |
Posted - 05/13/2008 : 6:55:21 PM
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Please run AU. with an approve/eligible we honor your findings with validated information. if Refer/Eligible it is eligible for manual underwriting and you should know with 5% down of borrowers own money that can be considered a compensating factor.
it sounds very doable either way. Do you believe in your file? 65% of our approvals have been manually approved.
pam.kirchner@assurityfinancial.com Wholesale AE 702-418-5818
FHA The Assurity Way! www.assuritywholesale.com |
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