Posted by Mark Williams on August 23, 2003 at 21:56:48:
Yes, Gloriana…I have a lender who will go as low as 30k (no lower),
Your DTI IS an issue, but a NO RATIO loan will get around that, and your 700 score makes that option available to you…
You didn’t mention your income/employment situation…that could be another problem…
And perhaps the killer: foreclosed properties tend to be in such serious disrepair that a conventional lender will not be interested in mortgaging such a property.
Contact me and/or send me your phone number if you’d like to discss further.