| View previous topic :: View next topic |
| Author |
Message |
chow
Joined: 22 Jan 2005
Posts: 2352
Location: Cornfield County, Indiana
|
| Posted: Thu Apr 28, 2005 10:25 pm Post subject: Attention all Mortgage Nerds- Who does this? |
|
|
While I was on my roll around the west side this after noon, I get this question. (at $2.25 per gallon)
Does anyone have a manual underwriting program for Non Conforming? Relitter is over the FHA manual underwriting at Irwin Union. She doesn't want FHA anywhere in this. Takes too long.
Let me shoot all of my bullets. :lol:
1. Alternative Credit. Rent, utilities.
2. Gift of downpayment.
3. Seller concessions for closing costs.
Lady has been on the job forever, just doesn't think about getting credit because years ago she got burned. Of course the first place she tried credit at was Sears! I gave the relitter a few suggestions, but she wants the house financed ASAP. |
|
| Back to top |
|
chow
Joined: 22 Jan 2005
Posts: 2352
Location: Cornfield County, Indiana
|
| Posted: Sun May 01, 2005 8:16 pm Post subject: |
|
|
okay, I'll answer my own question.
Bank of America/Wholesale. No FHA required. |
|
| Back to top |
|
Haplo
Joined: 20 Jan 2005
Posts: 2406
Location: Springfield, IL
|
| Posted: Mon May 02, 2005 3:12 pm Post subject: |
|
|
Good job Chow, I'm sending you a doggy treat ;)
I know we have manual underwriting for my side, but I don't know about wholesale so I didn't want to speak up about it. |
|
| Back to top |
|
OptionArm
Joined: 24 Feb 2005
Posts: 5
Location: Texas
|
| Posted: Thu May 05, 2005 3:08 pm Post subject: |
|
|
We allow seller to contribute 3% max.
We also allow gift money for downpayment.
We use common sence underwritting.
We dont price adjust for stated income, and dont jumbo till 600k.
Phillip Hansen
World Savings~AE
Toll free: 800-778-0009 ext 38986
Direct: 512-341-3024
FAX: 512-246-2705
E-mail: phansen010@worldsavings.com |
|
| Back to top |
|
chow
Joined: 22 Jan 2005
Posts: 2352
Location: Cornfield County, Indiana
|
| Posted: Thu May 05, 2005 8:54 pm Post subject: |
|
|
Haplo wrote: Good job Chow, I'm sending you a doggy treat ;)
I know we have manual underwriting for my side, but I don't know about wholesale so I didn't want to speak up about it.
ahhhhhhhhhhhhhhhhhhhhhh! :lol: :lol: :lol: :lol: :lol: :lol: :lol:
you're so funny Haplo! |
|
| Back to top |
|
chow
Joined: 22 Jan 2005
Posts: 2352
Location: Cornfield County, Indiana
|
| Posted: Thu May 05, 2005 8:55 pm Post subject: |
|
|
OptionArm wrote: We allow seller to contribute 3% max.
We also allow gift money for downpayment.
We use common sence underwritting.
We dont price adjust for stated income, and dont jumbo till 600k.
Manual Under writing??????????????? |
|
| Back to top |
|
cm0624
Joined: 10 May 2005
Posts: 7
|
| Posted: Tue May 10, 2005 5:45 am Post subject: found your lender |
|
|
| Sounds like a New Century Mortgage loan to me! |
|
| Back to top |
|
rkumar
Joined: 22 Feb 2007
Posts: 10
Location: CA
|
| Posted: Thu Feb 22, 2007 3:09 pm Post subject: @cm0624 |
|
|
what make you feel like that.?
cm0624 wrote: Sounds like a New Century Mortgage loan to me! |
|
| Back to top |
|
| |
