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Quixote
Joined: 28 Jan 2005
Posts: 60
Location: Southern California
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| Posted: Tue Feb 08, 2005 6:35 pm Post subject: My Sub-Prime Niches |
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ONE DAY out of BK7- UP TO 95% LTV
CCCS up to 95% (must meet all other BK13 requirements)
Interest Only down to 580 FICO Score with NO TRADELINES
NO SCORE Loans to 95% LTV (90% LTV if FTHB)
Borrower with no mortgage or rental history to 100% w/ 620 score, 3 trades
Stated FTHB on 80/20 at 640 score, 3 trades
6% seller concessions (non recurring closing costs) allowed
Seller Carryback up to 100% CLTV (LTV to 95%)
Up to 55 dti on 80/20 and Select 100% (one loan, no MI)
Non Owner Occ- 95% Full Doc, 90% Stated
Bank Statements equal Full Doc
Rolling 30’s counted as 1x30 for credit grading (up to 12 mo. = 1x30)
BK 13 Buyout up to 85% LTV
Lite Doc = 6 mo. Personal Bank Statements or pay stub & W-2
Past NOD’s are disregarded
Proof of Self Employment = 3 Reference Letters
No Add-on for condos, 2-4 units, rural property
Prepay Buyout AND up to one point rebate allowed
Stated Self Employed= 75%@ 500 FICO
Tom
BNC
888.847.1858 |
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pussycat
Joined: 24 Jan 2005
Posts: 94
Location: Kansas City
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| Posted: Wed Feb 09, 2005 4:38 pm Post subject: |
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| My niche is that I can scratch like a wild cat LOL. |
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Nikko
Joined: 20 Jan 2005
Posts: 536
Location: Northern CA
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| Posted: Wed Feb 09, 2005 6:14 pm Post subject: |
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| I would like to confirm the aledged scratching LOL |
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Desert Duck-04
Joined: 22 Jan 2005
Posts: 65
Location: The Desert
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| Posted: Wed Feb 09, 2005 9:46 pm Post subject: |
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| I'd like to conFIRM the wild cat part! |
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Nikko
Joined: 20 Jan 2005
Posts: 536
Location: Northern CA
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| Posted: Wed Feb 09, 2005 9:49 pm Post subject: |
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| AND she put some Astroglide on the loan I gave her, it's sliding right through LOL Thanks Pussycat! |
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