| Author |
Previous Topic | Next Topic |
|
Redfisher
118 Posts |
 Posted - 08/08/2008 : 07:30:38 AM
|
I have a LP Accept/Eligible on a rate/term refi. Just over 85% LTV, but the score is a 602. Any lenders still have MI for this or offer lender paid?? Property is in Florida.
Thanks! |
|
fburgh
45 Posts |
Posted - 08/08/2008 : 07:39:52 AM
|
| Try USBANK |
|
|
Redfisher
118 Posts |
Posted - 08/08/2008 : 10:42:10 AM
|
| Thanks I take a look.. |
|
|
davidfr
1142 Posts |
Posted - 08/08/2008 : 11:12:53 AM
|
| FHA will have a WAY better rates on this than Freddie. |
|
|
Redfisher
118 Posts |
Posted - 08/08/2008 : 12:38:04 PM
|
| DTI too high for FHA (60%+), I tried.. |
|
|
monkeyandme
142 Posts |
Posted - 08/08/2008 : 1:14:39 PM
|
quote:
Originally posted by Redfisher
DTI too high for FHA (60%+), I tried..
Whats your DTI with LPMI after all of the pricing hits for that score? Sounds like you are going to be over the MI DTI limits to obtain LPMI, especially with that score. |
|
|
smoothlid
411 Posts |
Posted - 08/08/2008 : 8:12:13 PM
|
| yes...go FHA & payoff some debt to reduce DTI, does that work? |
|
|
EquitySmart
1240 Posts |
Posted - 08/08/2008 : 11:58:53 PM
|
| The MI companies now require at least 620 credit score for rate/term refinance. Your options are reduce the LTV to 80% or try FHA (which has MUCH better rates) |
|
|
Redfisher
118 Posts |
Posted - 08/09/2008 : 05:00:47 AM
|
| No other debt to pay off, she is over 60% on the DR. Depending where rates are, I can get it under 60%, but playing with the loan at TBW I needed at 45% DR for the thing to approve FHA desktop. |
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
