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dcreed
82 Posts |
 Posted - 05/19/2008 : 7:06:55 PM
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What is the lowest fico you can have going FHA?
Also what is the highest DTI you can go?
I have a couple of files with 530-569 ficos, with DTI's up around 50-62%... is there a bank that would do these????????? |
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1paul
307 Posts |
Posted - 05/19/2008 : 7:20:19 PM
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TB&W does not have any Minimum FICO, BUT, their credit report should not have more than 1 or 2 Lates within the last 2 years....which normally knocks-out the Low FICO's....
First Guaranty Financial was doing LOW FICOS.... |
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Xpatriot
333 Posts |
Posted - 05/19/2008 : 7:21:37 PM
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| if it qualifies under the secure then there still is no minimum,whci i know IMB is still taking. also, if you can get a EA-3 then Flagstr is still taking these and you would not need a minimum. i actually just got an approval from flagstar with a 540 fico and 2x30 rate was 7.75 <.5>. good luck. |
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KSCOTTMIDACAP
104 Posts |
Posted - 05/19/2008 : 8:55:09 PM
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| IF ANYONE KNOWS ANYONE ACTUALLY APPROVING SUB 580 FICOS, PLEASE LET ME KNOW, TB N W, NEVER, AND FLAGSTAR TURNS TOWN JUST ABOUT ALL EA3, UNLESS THEY SHOULD BE APPROVE/ELIGIBLE, AND GATEWAY IS NOT TAKING ANY SUB 580'S....... |
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mgr2602
165 Posts |
Posted - 05/19/2008 : 9:00:54 PM
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I take my low score borrowers through First Guaranty! I don't know about those high DTI's though. On an approve/eligible you'd probably be fine with a higher than normal dti.
The highest dti I've ever gotten through on a manual was 48 and I was surprised. |
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KSCOTTMIDACAP
104 Posts |
Posted - 05/19/2008 : 9:03:12 PM
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DIDNT FGMC JUST COME OUT WITH NEW SUB 580 FICO UW GUIDELINES THAT MAKE IT RIDICULOUS TO EVEN THINK ANYONE WOULD FIT THEM(IF THEIR FICO WAS SUB 580). IF YOU KNOW SOMETHING I DONT, PLEASE LET ME KNOW
KEN |
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mullaned2002
94 Posts |
Posted - 05/20/2008 : 07:34:13 AM
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Try Ryan @ Golden 1st.
763-498-4631.
Good Luck! |
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homebroker@sbcgl
3871 Posts |
Posted - 05/22/2008 : 10:20:41 PM
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| Just closed a sub 560 FICO FHA :) |
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kellamtom
648 Posts |
Posted - 05/23/2008 : 04:16:17 AM
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freedomwholesale.com brian choate is our ae, true manual fha underwiting no fico
classic home financial down to a 530 |
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HollywoodLO
261 Posts |
Posted - 05/23/2008 : 06:14:21 AM
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quote:
Originally posted by KSCOTTMIDACAP
IF ANYONE KNOWS ANYONE ACTUALLY APPROVING SUB 580 FICOS, PLEASE LET ME KNOW, TB N W, NEVER, AND FLAGSTAR TURNS TOWN JUST ABOUT ALL EA3, UNLESS THEY SHOULD BE APPROVE/ELIGIBLE, AND GATEWAY IS NOT TAKING ANY SUB 580'S.......
Security Atlantic is doing these. I just closed a 548 mid last night w/ them. Go to fhaok.com and fill out the preflight form and send it in w/ credit report and 1003. You'll get an answer in 24 hours. You may want to do their "FHA Scorecard" as well to see what kind of hits you're going to take to rate. |
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mortgagegirl1010
205 Posts |
Posted - 05/23/2008 : 06:22:52 AM
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| Security Atlantic and Veterans... |
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