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well yeah she wasn't clean because of a mistake first franklin had made with an escrow account which caused 7 30 day lates. It took me 4 weeks to get a letter from their insurance company saying there was a mistake and then i had to send that letter into my closing services to get them removed. She lives in Tucson AZ the max loan limit is 239850. And on top of that she owes 224710 and 15399 on the second plus she would have to pay off debt to meet DTI issues. I found this from fha.gov
Ø " Determine that the homeowner has the capacity to make future mortgage payments as well as pay all other obligations. The payment-to-income ratio and debt-to-income ratios remain 31 percent and 43 percent, respectively. Compensating factors are to be provided by the underwriter when the ratios are exceeded."
She makes 90 grand a year as the VP of operationsfor "spa one"
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I think I can use the letter from first franklin plus a cry letter from her to show what happened. to go higher than her cities FHA loan limit. I dont know guys. She also has a late on her second mortgage before the loan reset.
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