| Author |
Previous Topic | Next Topic |
|
jfreeb
4 Posts |
 Posted - 05/15/2008 : 2:01:23 PM
|
$350,000
R/T refi in NY
568 / 546 mid ficos
90% ltv
pleanty assets
low dti 21/28%
long time on job
will this loan go FHA with these scores??
|
|
808
1984 Posts |
Posted - 05/15/2008 : 2:05:04 PM
|
| as long as there's no DPA involved Security Atlantic across the river in Jersey is a good place to go. www.FHAOK.com |
|
|
ehm3
963 Posts |
Posted - 05/15/2008 : 2:08:31 PM
|
depends: is it within county loan limits, and what does the credit look like? Any lates in the last 12 mos (especially mortgage or major accounts)? If so, why? Was there an illness, death in family, or loss of wages due to layoff or something like that?
Any F/C in the last 3 years? BK last 2 years (Ch 7)? Unpaid judgements or major account collections?
While score has become an issue of late, its not JUST about the score, you have to look at the entire credit profile.
|
|
|
Clr2close
307 Posts |
Posted - 05/15/2008 : 8:23:43 PM
|
| hellojfreeb please email me i should be able to get this done |
|
|
HMDApproved
623 Posts |
Posted - 05/16/2008 : 04:29:40 AM
|
contact me today and I can get it done.
732-924-4741...Gabe |
|
|
gtammie555
5 Posts |
Posted - 05/16/2008 : 04:49:34 AM
|
If the AUS gives it an accept then you are ok, however if it gives it a refer than NO. The reason being is the MI companies will not right below a 580 for these deals. However, I believe TBW goes to a 580 and Flagstar will go down to a 530. There is a possibly if you get an accept, take it to Flagstar. I would call them and speak to someone ever there. I am working on a deal right now... hard... because of the score, just get a good LOX as to why the scores as so low and give good compensating factors.
quote:
Originally posted by jfreeb
$350,000
R/T refi in NY
568 / 546 mid ficos
90% ltv
pleanty assets
low dti 21/28%
long time on job
will this loan go FHA with these scores??
|
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
