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dcreed
76 Posts |
 Posted - 06/02/2008 : 12:53:52 PM
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i have a l/a of 490K ... value of 625K, 80% ltv,full doc
30 yr fix pricing needed
I am not sure if i can go fha with this loan amount??
if not have lenders raised the conforming limits in NJ?
any help would be great.
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MortgageBoarder
4016 Posts |
Posted - 06/02/2008 : 12:54:38 PM
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Your answer awaits you here...
https://entp.hud.gov/idapp/html/hicostlook.cfm
You can see the limits for FHA & Conforming, just change the "limit type" field to whatever you are looking for. |
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dcreed
76 Posts |
Posted - 06/02/2008 : 1:00:56 PM
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quote:
Originally posted by MortgageBoarder
Your answer awaits you here...
https://entp.hud.gov/idapp/html/hicostlook.cfm
You can see the limits for FHA & Conforming, just change the "limit type" field to whatever you are looking for.
thank you.. looks like im ok.. now are all banks honoring these limits as conforming loan amounts??? |
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lukeallison
1409 Posts |
Posted - 06/02/2008 : 1:16:58 PM
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| We are but don't be surprised to see a minimum credit score requirement on those that is much higher than a regular loan. Plus there will probably be a rate bump. |
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dcreed
76 Posts |
Posted - 06/02/2008 : 1:26:55 PM
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quote:
Originally posted by lukeallison
We are but don't be surprised to see a minimum credit score requirement on those that is much higher than a regular loan. Plus there will probably be a rate bump.
740 fico.. is that high enough???
do you have a wholesale department?? |
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MortgageBoarder
4016 Posts |
Posted - 06/02/2008 : 1:29:49 PM
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Yes, Flagstar has Wholesale: https://wholesale.flagstar.com/Lending/public/home.jsp;jsessionid=54D468A0AB7D6A7F9C51D066EEFD56D5.whapp1
Almost every lender has "conforming jumbo" guidelines with minimum ficos. |
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dcreed
76 Posts |
Posted - 06/02/2008 : 1:36:15 PM
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quote:
Originally posted by MortgageBoarder
Yes, Flagstar has Wholesale: https://wholesale.flagstar.com/Lending/public/home.jsp;jsessionid=54D468A0AB7D6A7F9C51D066EEFD56D5.whapp1
Almost every lender has "conforming jumbo" guidelines with minimum ficos.
thank you |
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commercial0038
10 Posts |
Posted - 06/02/2008 : 2:18:18 PM
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hello-
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