Lesley Harris, Realtor
NO FICO or < 620 FICO !
We have a loan for your borrower!
â€¢ No Late Payments in past 12 months
â€¢ No " New " Collections opened in past 12 Months
â€¢ Max DTI 31% / 43 % (w/comp factors per 4155.1 stretch of 40%/46%)
â€¢ VOR required for past 12 Months (0X30) or LOE (living w/family rent free) and Budget Letter
â€¢ Home Buyer Education Certification http://(www.mgichome.com)
â€¢ DU approved or Manual Underwriting
â€¢ Manufactured Homes are OK - max LTV 90%
- no Cash Out
- no Dirt Road
- no Flood Zone
- max 2 acres
** 3 Alternative trade lines for No FICO borrower and DTI to follow 31/43 NO EXCEPTIONS.
** Non-occupant co-borrowers / co-signers must be related as parents, children or siblings. Proof of relationship will be required (i.e. birth certificates). Other blood relatives (aunts, uncles, cousins, etc.) will only be allowed if the occupant borrowers DTI does not exceed 50.0%
FAIRWAY INDEPENDENT MORTGAGE CORP
btw, how do you pronounce your name? LOL
John & Sarena Villaescusa
Keller Williams Realty