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ohioloaner

136 Posts

Posted - 12/10/2008 :  04:12:12 AM
looking for 90LTV cash out 0x30 ....is this product gone? was trying to go FHA but at this point I can probably make anything work

thanks for any help
ohioloaner

136 Posts

Posted - 12/10/2008 :  04:51:58 AM
is this a dead file?
DavDixon

35 Posts

Posted - 12/10/2008 :  05:26:18 AM
that's an fha deal. the minimum fico is 580 and you can cash-out up to 95%
ohioloaner

136 Posts

Posted - 12/10/2008 :  05:33:44 AM


quote:
Originally posted by DavDixon

that's an fha deal. the minimum fico is 580 and you can cash-out up to 95%



I am being told that by my lenders that max LTV c/o with 597 is 85LTV. Do you know of any lenders doing that LTV still? Thanks for any help
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clarenceworley

5717 Posts

Posted - 12/10/2008 :  06:26:14 AM
85% witha 1x30 maybe, try www.fhaok.com they are fast if approved in your area.
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WelcomeBackBanke

1737 Posts

Posted - 12/10/2008 :  06:27:49 AM
taylorbean

i would see if you can help them with their credit.....3 points can be a big difference in rate!
ohioloaner

136 Posts

Posted - 12/10/2008 :  07:09:58 AM
re pulled and credit has dropped. They are also 0x30 on mortgage
sbuckman

530 Posts

Posted - 12/10/2008 :  07:23:17 AM
what state?
ohioloaner

136 Posts

Posted - 12/10/2008 :  07:31:04 AM
quote:
Originally posted by sbuckman

what state?



Ohio
sbuckman

530 Posts

Posted - 12/10/2008 :  07:32:15 AM
figured so because of screen name. can't do ohio.
ohioloaner

136 Posts

Posted - 12/10/2008 :  07:41:14 AM
wow...i cant believe that it has gotten this bad...so what is the max LTV from everyones primary lenders...FHA or conventional for this scenario...85?
wmwise

70 Posts

Posted - 12/10/2008 :  12:18:14 PM
There are tons of lenders that will do a 95% c/o with a 597 score. Did you get an automated response? The only reason you are likely to be capped at 85% is a 1x30 on the mortgage. If thats NOT the case, you should have tons of people willing to do it as long as you get an Accept.
ohioloaner

136 Posts

Posted - 12/10/2008 :  2:55:20 PM
quote:
Originally posted by wmwise

There are tons of lenders that will do a 95% c/o with a 597 score. Did you get an automated response? The only reason you are likely to be capped at 85% is a 1x30 on the mortgage. If thats NOT the case, you should have tons of people willing to do it as long as you get an Accept.



I wish I knew who. he is 0x30 on mortgage flagstar,TBW,citi all capped at 85LTV..does anyone know who will do 90 or 95?
wmwise

70 Posts

Posted - 12/11/2008 :  06:24:57 AM
What was the automated response?
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