Loan Scenario: SC, $110,000, 640, 100% LTV, Purchase

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Home » Forums » For Mortgage Professionals » Loan Scenarios » Loan Scenario: SC, $110,000, 640, 100% LTV, Purchase

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Post Statistics: 360 Views, 1 Replies
Latest Post: Mon, Nov 2 2009 9:38 PM by Jason Harris

Mon, Nov 2 2009 12:23 PM

angelaadams
(angela adams)

Loan Scenario: SC, $110,000, 640, 100% LTV, Purchase

Loan Scenario

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Loan State: South Carolina
Loan County: Georgetown
Loan Type: Purchase
Loan Amount: $110,000
Property Value: $110,000
LTV: 100%
FICO: 640
DTI: 35
Occupancy Type: Owner-Occupied
Property Type: Single Family Residence

Client has co borrowers (his parents) which drops his dti to 34% need to find a bank to take this one to. Please contact me via email angelasueadams@yahoo.com

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angela adams

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In Reply to This Post

Mon, Nov 2 2009 9:38 PM

jasonharris
(Jason Harris)

Probably going to need to see if the buyer can come up with 3.5% down or qualify for any FHA approved down payment assistance. Seems like with non-occupant co-borrowers this will be your best bet.

Take Care,

Jason

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Mortgage Consultant

PNC Mortgage, A Division of PNC Bank

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