since the Real state market crashed, most of the subprime lenders had close it's doors, is there any available for 100% Ltv. with 620 fico
2007-03-24 06:26:07 · 6 answers · asked by ups2005 2 in Business & Finance ➔ Renting & Real Estate
I have a couple that are still doing them, but most are asking for 95% 620. However, my strategy is to do a Quick score and help my clients raise their score quickly within 3-5 days. Its all about stratergy. When one door closes, you find another one or make your own. It also depends on what state you are in.
2007-03-24 06:40:21 · answer #1 · answered by Mortgage Pro 2 · 0⤊ 0⤋
First of all, the real estate market DID NOT crash.
Subprime lending is still alive....even though many have and will close up shop. At a 620 fico, fewer lenders will offer 100% financing, but some will. The ones that do will now charge a higher rate for it though as it now will represent a greater risk.
2007-03-24 08:20:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yep. I can get you 100% financing full doc down to a 580 mid score.
With your score on a my community program with no money down and up to 6% seller concessioons your looking at a rate of around 7% on a 30 year fixed.
If you want more info you can visit www.fivestarsmortgage.com. Contact us page if you want to speak with someone about the details.
Best of luck to you.
2007-03-24 07:34:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Try B of A they have awesome programs and I've heard of lower score getting 100% at a decent rate
2007-03-24 22:35:56 · answer #4 · answered by mstrofmymindyesthisistrue 1 · 0⤊ 0⤋
SUB PRIME LENDING IS ALIVE AND WELL!!!! YES YOU CAN GET 100% WITH A 620 FICO MID SCORE, EVEN LOWER. EMAIL ME IF YOU LIKE . mortgagemaster3@juno.com
2007-03-24 06:43:18 · answer #5 · answered by bobhope1215 2 · 0⤊ 0⤋
Call Countrywide, they may be able to do it.
2007-03-24 06:32:15 · answer #6 · answered by Santa Barbara 7 · 0⤊ 0⤋