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View topic - FHA Direct Lender 551 Credit on refinance and purchases - Mortgage Forums
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FHA Direct Lender 551 Credit on refinance and purchases
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Author Message
Chuck DeMonte



Joined: 17 Apr 2009
Posts: 51

Posted: Wed Oct 07, 2009 5:35 pm    Post subject: FHA Direct Lender 551 Credit on refinance and purchases  

Real quick I know people are having trouble getting loans just wanted to inform loan seekers what my company does.

We are one of the largest FHA lenders in the country and maybe have some most flexible guidelines out there.

We are a Direct Servicer/Lender licensed in 47 States.

I can do rate and term refinances up to 97.75% Loan to value.
85% on a cash out refi
96.5% on a purchase

On refinances I can go as low as a 551 credit
If 3o days late in the past 12 months I can not do a cash out until you have a clean 12 months.

For purchases I need a 551 as well

I know its tough to get loans so if you need help or just would like to ask a question please feel free to email me.
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