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 Search for: HELP! Trying to close purchase loan 50K down!!.
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ewifp

36 Posts

Posted - 07/02/2008 :  6:19:44 PM
Scenario:

Purchase in Las Vegas, NV
200K Purchase Price
50K or more down, so less than 80% LTV
750 FICO score, however, there is only one score.
Ran it through Fannie Mae DU, received a Refer/Eligible, due to dti ratio of 65%

Is this even possible? I have everything but the appraisal, which should be no problem since this home is a bank repo. Please, I would appreciate anybody's input on this. Thank You.
dkendall1979

10261 Posts

Posted - 07/02/2008 :  6:20:37 PM
Get a cosignor and take it FHA
ewifp

36 Posts

Posted - 07/02/2008 :  6:24:01 PM
There is no one who can cosign, as the people who live with him have ITINs instead of SSNs.
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