Posted by Luke Hoppel on June 07, 2007 at 18:57:46:
Why would you go stated if you’re showing $180K on your returns?
Are you buying a multi-million dollar house?
Why wouldn’t you go full doc?
Can this be done? - Posted by Christen
Posted by Christen on June 07, 2007 at 16:03:31:
678 mid score, stated income (contractor) 30k in the bank seasoned, tax returns showing 180k, income not much debt. Wants 95-100% financing, owner occ, with seller concession. I can’t find anyone that can go above 90% ltv
Re: Can this be done? - Posted by Matthew
Posted by Matthew on June 08, 2007 at 09:55:16:
just missed the 680 bracket - very difficult but it can be done but not CHEAP!!
Drop me line with more details
Re: Can this be done? - Posted by Jeff
Posted by Jeff on June 08, 2007 at 08:52:24:
There are very few programs left that will do 100% financing. I am telling you from my own personal experience. I was going through country wide and I was supposed to close on a duplex on June 1st. but as of May 29th Country Wide no longer has a 100% program (unless you have 800 or higher credit score). So 2 days before close they denied my loan. I had to switch it to FHA and that one is approved I am just waiting for the release. I would get on it asap the FED is also changing its guidelines. Hope that helps