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Go Back   Mortgage Forums for Mortgage Brokers > Mortgage Business > Loan Scenarios and General Mortgage Talk

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Old 01-25-2007, 07:44 AM
xw1211 xw1211 is offline
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Join Date: Jan 2006
Location: Alabama
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Need help with a loan

hey guys, I have a customer who fico 508 looking to purchase a house for 62,900 and est appraise value 82k. Customer doesn't have much down payment money or closing cost. what can I do to help the customer get the house I can get 80% from Delta Funding. Xavier
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Old 01-25-2007, 09:06 AM
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Erik Erik is offline
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Join Date: Dec 2005
Location: Salt Lake City
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can they go FHA?
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Ads are only allowed in the Mortgage Services category. Please respect this rule and keep the board clean for everyone. Thanks!
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Old 01-25-2007, 11:56 AM
GLOAT GLOAT is offline
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If they've got less than 5k in open collections/chargeoffs, full doc, Homecomings' Fannie DU. (You can pay collections/chargeoffs down to 5k. No judgements(I'm pretty sure). Up to 95%LTV, but MI is not pretty(30-35%)
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