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relst8lady
14 Posts |
 Posted - 05/16/2008 : 2:08:41 PM
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borrower wants 95% cash out refi on primary. 747 middle. full doc. 75K income. 12 years on job. no debt other than housing. already have fha appraisal at 280K. have fha case number but with declining markets gone maybe conventional?
either way...anyone want to quote it?
Thanks.
I can email full package-all required docs, 1003, appraisal, etc... |
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relst8lady
14 Posts |
Posted - 05/16/2008 : 2:14:10 PM
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| ooops...in florida |
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South Shore
453 Posts |
Posted - 05/16/2008 : 2:22:41 PM
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What are your ratios on this file? FAX or e-mail me your 1003 and credit for same day review. Complete packages for FL properties are underwritten in 48-72 hours.
FHA guidelines provide for 95% on cashout refinances. Purchases are up to 97% LTV w/ up to a 6% seller's concession. No declining market reductions either!
Our Company (est. 1987) has a well established Affiliate Program for non-FHA approved Brokers where you can assist your existing client with FHA product.
Our focus is to work hard to close your clients loans and to build a long term relationship with your company. You are recognized as the Broker, can make up to 2% Broker Fee, payable right on HUD; no ysp.
I am directly available to discuss our Program and your scenarios for properties in FL, MD, DE, NY, CT, MA, ME, IL, MN, AZ, and CO.
Neely Mondello; DE
South Shore Mortgage
866-237-7452 x242
FAX: 631-574-1442
neelymondello@myfastmortgage.com |
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daronc
1280 Posts |
Posted - 05/16/2008 : 7:41:20 PM
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GNMA I
30yr fixed No PPP 5.75% <.375> 6.25% <2.0> 6.875% <3.875>
*48 hour turn time on approval.... |
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