Loan Scenario: WA, $60,000, 756, 92% LTV, Purchase

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Home » Forums » For Mortgage Professionals » Loan Scenarios » Loan Scenario: WA, $60,000, 756, 92% LTV, Purchase

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Post Statistics: 578 Views, 1 Replies
Latest Post: Thu, Sep 24 2009 2:59 PM by Antonio Cibella

Thu, Sep 24 2009 1:16 PM

Moneta
(Timothy Hills)

Loan Scenario: WA, $60,000, 756, 92% LTV, Purchase

Loan Scenario

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Loan State: Washington
Loan County: Clark
Loan Type: Purchase
Loan Amount: $60,000
Property Value: $65,000
LTV: 92%
FICO: 756
DTI: 32
Occupancy Type: Owner-Occupied
Property Type: Single Family Residence

Which lenders allow a conventional loan purchase under 75,000 as the minimum loan amount?

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In Reply to This Post

Thu, Sep 24 2009 2:59 PM

LoanACe
(Antonio Cibella)

Most any lender should take this conventional, they may have a pretty decent bump for a low loan amount, but I don't think a 60k loan is below a minimum amount. Most lenders have conventional minimums around the 25k level, a couple at 50k, I don't know of any that would have one at 75k or lower.

AC

Antonio Cibella

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LoanACe

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