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dcreed
76 Posts |
 Posted - 05/27/2008 : 4:56:55 PM
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Who will do fha with 560 fico????
please list lenders in you know any.
also how low of of a fico can you go down to??
i heard some lenders were going down to a 530. is that true??
thank you |
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alersc
82 Posts |
Posted - 05/27/2008 : 5:02:35 PM
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| This is true send all of those deals to me. |
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Xpatriot
333 Posts |
Posted - 05/27/2008 : 5:16:29 PM
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| *sigh* |
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EquitySmart
1240 Posts |
Posted - 05/27/2008 : 5:18:12 PM
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| TBW has no minimum FHA credit score (but obviously the loan has to make sense) |
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alersc
82 Posts |
Posted - 05/27/2008 : 5:20:14 PM
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| TBW underwriting time is 1 month. |
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mttrosen
82 Posts |
Posted - 05/27/2008 : 5:22:11 PM
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| I thought there were still others who do manual FHA all the way down to 500fico?? |
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dcreed
76 Posts |
Posted - 05/27/2008 : 5:23:27 PM
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quote:
Originally posted by EquitySmart
TBW has no minimum FHA credit score (but obviously the loan has to make sense)
thank you! any others?? |
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hherrm
1407 Posts |
Posted - 05/27/2008 : 5:26:47 PM
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| Freedom Mortgage down to 530. |
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EquitySmart
1240 Posts |
Posted - 05/27/2008 : 5:27:07 PM
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quote:
Originally posted by alersc
TBW underwriting time is 1 month.
This may be the price you pay for getting the loan approved. Give your clients realistic expectations. If they do not have 580 credit score, you will have limited options, so you may have to sacrifice either the best rate and/or quickest underwriting times. |
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dcreed
76 Posts |
Posted - 05/27/2008 : 5:31:25 PM
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quote:
Originally posted by EquitySmart
quote:
Originally posted by alersc
TBW underwriting time is 1 month.
This may be the price you pay for getting the loan approved. Give your clients realistic expectations. If they do not have 580 credit score, you will have limited options, so you may have to sacrifice either the best rate and/or quickest underwriting times.
yeah, thats all good.. if i can get the loan done.. what other lenders will touch these loans besides TBW??? |
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vegas41
35 Posts |
Posted - 05/28/2008 : 09:27:27 AM
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Most lenders are now requiring 580 on deals. Mortgage lates ok but need to be caught up prior to closing. Up to 50 DTI. All other FHA requirements exist. Here are the states I can do deals in:
TN
NY
FL
CT
NJ
AL
OK
NC
SC
OH
HA
MD
Wash
MO
Email: shane@manhattanportfolioadvisors.com for scenerios
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FHAWholesale
20 Posts |
Posted - 05/28/2008 : 12:33:14 PM
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As of June 1st Ideal Mortgage will be able to go down to 500 Scores. Email me for more info.
Victor Samii
Sr. Account Executive
Ideal Mortgage Bankers
Tele - (631) 944 - 4555 Ext. 1640
Fax - (631) 944- 4440
Email - vsamii@idealmb.com
www.idealmb.com
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sbuckman
516 Posts |
Posted - 05/28/2008 : 1:08:35 PM
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| First Guaranty |
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