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Home »  Forums » For Mortgage Professionals » Loan Scenarios » Loan Scenario: TX, $680,000, 675, 80% LTV, Purchase

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Post Statistics: 414 Views, 3 Replies
Latest Post: Mon, Jul 27 2009 6:01 AM by kevin brown
  		• Tue, Jun 23 2009 3:26 PM
    Loan Scenario: TX, $680,000, 675, 80% LTV, Purchase
    Loan Scenario
    View All    Post A Scenario
    Loan State: Texas
    Loan County: Dallas
    Loan Type: Purchase
    Loan Amount: $680,000
    Property Value: $850,000
    LTV: 80%
    FICO: 675
    DTI: 5
    Occupancy Type: Owner-Occupied
    Property Type: Condo > 5 Stories

    Hello,

    Looking for some options on wholesale lenders out there doing a High-Rise; DTI under 5%, LTV -80%, FICO 675. Owner Occupied, Assets over 1M.  I have a couple that can do it but I am trying to get some more options and the most competitive rate. Any suggestions appreciated. Thanks J
    John Verhaeghe
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    John Verhaeghe
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  • In Reply to This Post
    		 Tue, Jun 23 2009 4:05 PM

    With the scenerio you provided, you rate will not be real competitive.  I would suggest that you contact a credit repair expert, and get your FICO to 700.  With that score, you would see a very competitive rate well under 6%.
    Victor Burek
     - View My Profile
    Mortgage Planner
    Ross Wright Mortgage Group
    vburek@866whyross.com
    Become a Premium Member »
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