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sympilot
46 Posts |
 Posted - 05/15/2008 : 4:16:02 PM
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I need an FHA lender who will do a manual UW up to a 50% DTI. I ran it DO and get a refer/eligible. I am thinking that got the refer/eligible because my DTI's are 47/47 as the mortgage is the only debt they have. The property is in Washington State, my FICO is 654 and my LTV is 90%. Any ideas on this one would be much appreciated.
Thanks! |
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katbunk
2191 Posts |
Posted - 05/15/2008 : 4:17:38 PM
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| It is the front end that's killing you. Have you tried LP, sometimes it's a little more lenient. |
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Xpatriot
333 Posts |
Posted - 05/15/2008 : 4:26:08 PM
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| nations direct, but the rep on bo is a goober. |
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sympilot
46 Posts |
Posted - 05/15/2008 : 4:30:50 PM
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quote:
Originally posted by Xpatriot
nations direct, but the rep on bo is a goober.
Do you have contact info for them?
Thanks! |
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ladysammm
352 Posts |
Posted - 05/15/2008 : 6:39:54 PM
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Assurity Financial Service. We manual underwrite with min fico 580 and compensating factors. FHA and MFG are our niche products. Over 50% of our approvals are manually underwritten. We also lend in WA. Constact me with any questions.
pam.kirchner@assurityfinancial.com Wholesale AE
FHA The Assurity Way! |
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dkendall1979
10288 Posts |
Posted - 05/15/2008 : 6:43:48 PM
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If it's saving them money and they've made their payments on time for 18+ months, we shouldn't have any issues doing this.
Rates: (Cut & Paste) http://www.trustone.com/pdf_rates/1st%20rates/1GOVT3015.pdf
quote:
Originally posted by sympilot
I need an FHA lender who will do a manual UW up to a 50% DTI. I ran it DO and get a refer/eligible. I am thinking that got the refer/eligible because my DTI's are 47/47 as the mortgage is the only debt they have. The property is in Washington State, my FICO is 654 and my LTV is 90%. Any ideas on this one would be much appreciated.
Thanks!
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HMDApproved
694 Posts |
Posted - 05/16/2008 : 05:01:49 AM
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I will close it in 48 hours without a question...
732-924-4741...Gabe |
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mschille
215 Posts |
Posted - 05/16/2008 : 05:27:44 AM
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| why not run it conventional on this one, it should take it, the rate may be a little bit higher, but they'll save money by not having the stacking fee, so it may even out if you have a lender that prices well on the conventional side. |
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