Seasoning Sub Prime

Corona Del Rio · #1 (**permalink**) 06-17-2007, 06:06 PM

Seeking list of lenders still in business dong sub prime with 500 to 550 scores, seasoning and 2 trade lines.

GLOAT · #2 (**permalink**) 06-20-2007, 04:51 PM

Depends on the trades. At some lenders one trade can satisfy all requirements.(i.e., Auto loan opened for 24 months or more, minimum high credit limit of 3k-5k, currently open & active). Best thing to do is read matrixes or send your A/E's a note requesting trade requirements. Most likely, if any offer an "exception to the rule", they'll reply w/the info.

At others, 24 months verifiable rent/mtg. history can dsatisfy trade requirements(Wilmington, Saxon, & I think Delta also)

Gordon Lending · #3 (**permalink**) 07-06-2007, 04:08 PM

Is that 2 trades and rent/mtg history?

success · #4 (**permalink**) 07-09-2007, 08:57 AM

Try Equifirst

spoulos · #5 (**permalink**) 07-19-2007, 02:06 PM

Saxon Mortgage!

540 fico full doc to 75% LTV
550 fico full doc to 90% LTV

A 24 month mortgage history reporting on the credit bureau and currently open will satisfy the minimum trades or A mortgage history reporting 0x30 on the credit and currently open for 12-23 months reflecting at least 12 payments will also satisfy.

Feel free to email me with your scenarios!

Sofia Poulos
pouloss@saxonmtg.com

BrianAber · #6 (**permalink**) 07-19-2007, 04:16 PM

Gael,

I'd be happy to help you and your clients out. Please contact me when you have the chance.

Thanks,