retired borrower, 584 FICO, 0x30 for 5 yrs DTI problem any suggestions

dkdiezel · #1 (**permalink**) 08-09-2006, 04:47 PM

My borrower hasnt had a late payment on her mortgage ever. She is retired and on fixed income, I cant qualify the loan based on her income now, and she has no other coborrowers who can go on. Any suggestions for lenders who can qualify this based solely on pay history?

Greg · #2 (**permalink**) 08-09-2006, 08:00 PM

What is the ratio?

dkdiezel · #3 (**permalink**) 08-09-2006, 10:54 PM

hey greg, the ratio is high, 65%

GLOAT · #4 (**permalink**) 08-10-2006, 07:21 PM

Novastar Has A Nina To 90% W/620 Avg. Of All Three Scores, Plus W/compensating Factors, They Can Go Up To 67%dti

Any "boarder Income"-delta & Ownit Mtg

The Mtg. Warehouse Does Fixed Income Stated W/5 Trades W/24 Months Depth