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cheralexm

36 Posts

Posted - 07/25/2008 :  7:48:09 PM
Hello

Is there a lender that accepts DPA with a credit score down to a 500 and six percent seller concessions? My client has the tradelines and the income to DTI. This is for a SFH, purchase, O/O. Thanks.
csmgcorp

616 Posts

Posted - 07/25/2008 :  9:00:11 PM
TBW or Freedom Mortgage with a strong enough file
lukeallison

1350 Posts

Posted - 07/25/2008 :  9:20:39 PM
We will write down to a 500 credit score on the retail side of Flagstar. I'll be glad to help you but it's just hard to say. Feel free to contact me though.
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cheralexm

36 Posts

Posted - 07/26/2008 :  06:28:13 AM
Thank you both. I will call you with some deals ,Luke, if I can't get them done through TBW or Freedom. I work with some realtors that specialize in foreclosures. Their clients have very good income but low credit scores due to medical collections and past lates. If there are repos, current tax liens, credit scores with no tradelines, recent lates, I will not waste your time. Later
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