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mdmanley
79 Posts |
 Posted - 08/25/2008 : 5:09:22 PM
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one of the real estate agents i work with just got this emailed to them. wanted to know if it's true. anyone know a company that would do this loan?
--Jumbo 30 year fixed at 6.5%- STATED
Available to 729,500 in high cost counties or county limit
Minimum 720 FICO required
will lend to 80% on Purchases and Rate and Term ONLY--NO Cash out loans
1.0 point + $895
Only 2 months reserves
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goose123
20 Posts |
Posted - 08/25/2008 : 6:00:18 PM
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Don't you think they are mis-leading the agent? They call it jumbo, but are resticted to conforming limits in high cost counties or county limit? It's a conforming loan. Run this scenario through DU and you will get a doc waiver.
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