Need a lender for 100%-please help TODAY

MRTGer · #1 (**permalink**) 08-04-2006, 10:21 AM

No open trades
Need to use brokers credit (another lender pulled in and score dropped)
DTI 55% not including wifes income (shes only been working 4 months)

Erik · #2 (**permalink**) 08-04-2006, 11:28 AM

FHA is probably your best bet.

MRTGer · #3 (**permalink**) 08-04-2006, 11:42 AM

I dont think FHA would meet the DTI criteria would it?

Erik · #4 (**permalink**) 08-04-2006, 02:20 PM

It's not technically within the guidelines but if you have compensating factors and run it through DU well you never know. I've seen some crazy DTI's get approved that way.

GLOAT · #5 (**permalink**) 08-10-2006, 07:42 PM

Scores & What Did Wife Do Before

Greg · #6 (**permalink**) 08-11-2006, 01:30 PM

24 months cancelled checks for rent and 6 months bank statements with New Century and 580 = 100%

or

Credit Update using alternate credit. Call you credit bureau provider and ask them to put the trade lines on your report. We do this for FHA and the Credit Bureau verifies the payment history for Bob's TV Sales lol

MortgageDiva · #7 (**permalink**) 08-11-2006, 07:04 PM

You may be in luck if it was less than 60 days. If so, fax me your 1008, 1003, and credit to 954-633-4901. Let's move quickly.

Greg · #8 (**permalink**) 08-12-2006, 08:09 AM

Hmm not so fast. Diva be a little more upfront about who you are and why you are here before asking people to fax you stuff.

MortgageDiva · #9 (**permalink**) 08-12-2006, 11:22 AM

Quote:

Originally Posted by MortgageDiva

You may be in luck if it was less than 60 days. If so, fax me your 1008, 1003, and credit to 954-633-4901. Let's move quickly.

reposting to include my sig line.