I was told I can't do conventional or fha...Can anyone help? I am located in Illinois. I'd like to do 90 ltv. Ficos are low 5's.
2007-11-21 11:49:23 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
You may be able to refinance with FHA under the new FHA Secure program. It does require that you be on time with mortgage payments for the six months immediately preceeding the rate adjustment and it appears that you would make it. I don't do mortgage lending in Illinois, but I would be happy to try to find someone who can do this program.
Best Regards,
Charlie
2007-11-21 12:17:12 · answer #1 · answered by Charles C 1 · 0⤊ 0⤋
Well I would say start looking for an apartment because you most likely do not have 10% ltv anymore and have already ruined you credit by being late, and when the increase comes do not think you will make it. Good luck
2007-11-21 13:34:34 · answer #2 · answered by Pengy 7 · 0⤊ 1⤋
go FHA...... if you are employed now in the same line of your you should be okay. if not a writen statement would work. Try somewhere else, if one can't maybe other one can. Note you must go full doc.
2007-11-21 13:01:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
http://www.NACA.com
Disclaimer:
I have no affiliation with NACA.
2007-11-21 13:11:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋