Income Doc Waiver

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RORTEGA7474

2 Posts

Posted - 08/07/2008 : 3:28:29 PM

Anyone know where I can get an Income Doc Waiver?
Loan Specifics:
LTV-90
Loan Amount-362,800
Condo
724 FICO
NY
Assets-10,000
rate/term

Thanks,

lukeallison

1409 Posts

Posted - 08/07/2008 : 3:29:17 PM

MI will still require income documentation. Usually you can only get an income waiver at 80% or below.

RORTEGA7474

2 Posts

Posted - 08/07/2008 : 3:41:38 PM

Actually the LTV is only 63% and CLTV is 90%, Im able to get the current second subordinated. If That is any help.

Thanks,

chriscall

185 Posts

Posted - 08/07/2008 : 4:05:58 PM

I think this scenario fits within our guidelines. Please give me a call so we can discuss your scenario.

Thanks

clearwaterny

347 Posts

Posted - 08/07/2008 : 9:22:41 PM

did you run it through DU or LP. It depends on your findings.

mortgagegirl

69 Posts

Posted - 08/07/2008 : 10:00:41 PM

WHat do you exactly mean by income doc waiver? I have a file whose primary income is documented but has a 2nd and 3rd job and being paid cash and checks. It all shows on his bank statements. Can this be considered in an income doc waiver. Appreciate your help.

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