Anyone use U.S. Bank???

apm · #1 (**permalink**) 12-16-2005, 01:26 PM

I have heard that they will do 100% down to 525 on exception basis. I haven't found anyone that has actually use them, so I thought I would post it to find out if anyone has actually dealth with them.

Thanks

Greg · #2 (**permalink**) 12-17-2005, 09:51 AM

It is true but I personally do not use them.

apm · #3 (**permalink**) 12-17-2005, 11:26 AM

Do you know anyone that has used them? If so, what kind of experience did they have with them?

Thanks

macp · #4 (**permalink**) 12-17-2005, 04:32 PM

Actually they will go down to a 500 fico.
I spoke to someone who has used them and he said they have to had owned a home in the past 2 years and it has to be full doc. I am not sure. But they state its a case by case scenario.

apm · #5 (**permalink**) 12-17-2005, 06:27 PM

500...geez...thats crazy for 100%. I wonder if they have other niche products. I'm surprised they aren't as popular as some of the others, especially in California with that product because I rarely hear about U.S. Bank.

Greg · #6 (**permalink**) 12-19-2005, 05:13 AM

I believe it is 1 loan and the MI is incredibly high if available.

Not sure but just remember that when yo uinquire if you do and advise if this was your findings.

CLOTTJR · #7 (**permalink**) 02-24-2007, 03:32 PM

Dont Beleive The Hype, Tryed Them Out, Impossible.

nopar · #8 (**permalink**) 02-27-2007, 02:12 PM

they call that an fha loan. fha is not based on the credit score just fha seminars . my friend is a loan officer at us bank home loans

CLOSER · #9 (**permalink**) 03-01-2007, 09:28 AM

500 fico to 100%...? Yeah, I side with CLOTTJR...

I've used them for my manufactured home loans. As always, manufactured homes will have the typical problems and YES, full doc is almost a must with US Bank with hi LTV's...

msuh24 · #10 (**permalink**) 03-02-2007, 11:36 AM

i used us bank. 95%, purchase, 380k, full doc. 538 fico. they did it.