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 Search for: MI companies honoring Doc Waivers to 90 in decling.
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tk2wahl

8 Posts

Posted - 08/07/2008 :  6:32:14 PM
It's my first post but you guys seem to have the answers. Are any MI companies insuring a loan with DU income documentation waivers in a declining market (Tracy, CA)? I've got a conforming loan amount purchase at 90% LTV with 740 FICO. DU says verbal VOE only. Are there any MI companies honoring DU findings or are they requiring income documentation regardless of findings?
hmorales007

228 Posts

Posted - 08/07/2008 :  7:28:58 PM
Need FICO requirement accross the board is 800, sorry, FHA also is now 800 - all others can pound sand
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