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

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

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Latest post Thu, Sep 24 2009 2:59 PM by Antonio Cibella. 1 replies. Viewed 336 times.
Page 1 of 1 (2 items)

  • Thu, Sep 24 2009 1:16 PM                

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    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?

  • Thu, Sep 24 2009 2:59 PM                 In reply to

    |Contact

    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
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