Help Please...NOO 100% 616 and 639 SIVA Refi C/O, Nevada...

hawai_pinay · #1 (**permalink**) 10-12-2006, 07:54 PM

Can you do this senario? Looking for a great payment...

Borrower: FICO: 639 Income: SIVA - W2
Co-Borrower: FICO: 616 Income: SIVA - W2

Subject Property: Nevada
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LTV: 80/100 , 100
CLTV: 20/100, 100

DTI: 35-40
FICO: 639, 616

Occupancy: NOO

NOTE: they have two properties. Now, they still pay utilities at this property, have a couch in the living room, but that is it. I told the clients we can not do 2nd home, because it is in the same state.

Purpose: Refi Cash Out

Property Type: SFR

Loan Type: Any LOWEST payment with CASH OUT

Doc Type: SIVA

Seasoning: since 2004

Lates: NONE

Bankruptcy: Discharged 06-2004

Foreclosure: none

Max Loan Amount: 355,000

Mahalo,
Wailani
hawai_pinay@yahoo.com

Greg · #2 (**permalink**) 10-13-2006, 10:49 AM

Aegis Wholesale...

I think you will have a problem though when you get to underwritting just because they have a BK.

There is not much choosing on this one. The customer will not have many options. You may need to take the 616 borrower off too. Good Luck!