need bank 483 fico full doc 65%ltv 55l loan amount ny

Mortgageman123 · #1 (**permalink**) 12-01-2006, 10:21 AM

any suggestions

Erik · #2 (**permalink**) 12-01-2006, 10:29 AM

Is that 55k loan amount? If so, you might try running it through DU as an FHA, if you can do FHA.

brendo927 · #3 (**permalink**) 12-01-2006, 10:57 AM

Eastern Savings Bank does them all day long

success · #4 (**permalink**) 12-01-2006, 06:50 PM

Also may want to try fremont investment

Mortgageman123 · #5 (**permalink**) 12-04-2006, 07:36 AM

and loan amount to small thanks anyway.

any other suggestions??

success · #6 (**permalink**) 12-04-2006, 12:04 PM

ok,
Delta Funding may be an option
With less than a 500 FICO, it is going to be really tuff.

My suggestion is to offer the borrower suggestions on how to raise there credit score. It will show that you care and you are not just telling them no and forgetting about them. Then you call them back in 60-90 days and ask them if they are still interested.

Not a big loan to allow a big commission, but showing some compassion and concern for this client can bring you referrals.

Mortgageman123 · #7 (**permalink**) 12-05-2006, 02:59 PM

I apreciate the advice
Thanks

Quote:

Originally Posted by success

ok,
Delta Funding may be an option
With less than a 500 FICO, it is going to be really tuff.

My suggestion is to offer the borrower suggestions on how to raise there credit score. It will show that you care and you are not just telling them no and forgetting about them. Then you call them back in 60-90 days and ask them if they are still interested.

Not a big loan to allow a big commission, but showing some compassion and concern for this client can bring you referrals.