Home Buying in 91406>Question Details

Elen, Home Buyer in Burbank, CA

Hi we need a 203k lender who accepts scores 620 and above in California. Can anyone recommend a good one please.?

Asked by Elen, Burbank, CA Thu Feb 27, 2014

We need to do an addition to our house and will need a full 203k loan since we will need more than 35k.

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Answers

3
Hi Elen

give us a call we have low fico 203k program

sincerely


Omar Khamisa
Web Reference: http://msjmortgage.com
0 votes Thank Flag Link Sun Mar 2, 2014
I would be more than happy to help you. Email me if you need anything further.

Alex Greer
Loan Officer
NMLS #1056079

http://www.TheMortgageOutlet.com
408-352-5147
AGreer@TheMortgageOutlet.com
0 votes Thank Flag Link Thu Feb 27, 2014
Hi Elen,

I can do a full 203k with a 620 credit score. The maximum loan amount with 620 score is $417,000. The maximum debt-to-income ratio is 31 / 43 percent and you'll need two months reserves.

Best regards,

Elva A. Wormley
Mortgage Consultant
elva@elvawormley.com
Office (408) 615-8500
C2 Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128
NMLS #331981 / BRE #01274093
0 votes Thank Flag Link Thu Feb 27, 2014
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