Posted by Bud Branstetter on February 12, 2000 at 21:05:17:
The first thing you will run into is the 90% limit on seconds, so they would cap at 25K. They would also want more return and broker fees so you will lose some more there. Real documentation of age for a 65-25-5 with the down and the second is more saleable.
With a 600 fico a good mortgage broker should be able to get them a loan with you not having to carry back as much.