Loan Scenario: TX, $382,000, 650, 91% LTV, Refinance (Rate and Term)

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Post Statistics: 692 Views, 3 Replies
Latest Post: Wed, Dec 23 2009 11:57 AM by Ken Nannini

Tue, Nov 10 2009 7:57 PM

ken537
(Ken Bearce)

Loan Scenario: TX, $382,000, 650, 91% LTV, Refinance (Rate and Term)

Loan Scenario

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Loan State: Texas
Loan County: Harris
Loan Type: Refinance (Rate and Term)
Loan Amount: $382,000
Property Value: $420,000
LTV: 91%
FICO: 650
DTI: 42
Occupancy Type: Owner-Occupied
Property Type: Single Family Residence

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Ken Bearce

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ken537

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Wed, Dec 16 2009 2:19 PM

KCNTJC
(Ken Nannini)

Your only option would be USBANK. 650 Score today is at 7.5% for a 30 year fixed or 6.25% on a 5/1 ARM. Also NO MI required at 90% LTV

Ken Nannini

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Wed, Dec 23 2009 11:49 AM

sunnycollins
(Sunny Collins)

Y not try a FHA loan, but i guess you will not be earning anything on a FHA ken

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Wed, Dec 23 2009 11:57 AM

KCNTJC
(Ken Nannini)

Because the county limit on FHA for Harris County is $271,050 Smart Ass. Any other questions? Number 1 there's only 1 lender for this scenario because there are no PMI lenders that will do over 90% with a score below 660.

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