Victor Gustafson

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I can't get a loan!!!

Asked Fri Aug 29 2008, 07:23 by Leora - Gilbert - Home Buying - 12 answers

Victor Gustafson answered:

Leora,

I understand your frustration with the tighting bank criteria. I have just been introduced to a brand new program that may help you.

Qualification Guidelines
1. No Bank Qualifying
2. Unlimited Funding Scource (Hedge Fund--Real Estate REIT)
3. Minimum Credit Score 600 (middle score) 585 in some cases.
4. 50% Debt To Income Ratio--Most Banks Max. at 38% Note--Income Must Support Payment
5. 2- Year Verifiable Employment
6. Verifiable Rent or Mortgage Payment (12-24 months)
7. Collection and Charge Off,s Must Be Paid
8. Medical Collections Ignored
9. No Judgements or Liens
10.Foreclosure Greater Than 5 Years
11.Bankruptcy Must Be Greater Than 7 Years.
12.Requires Only 5% Minimum Down Payment (May Vary)
13.In House Underwriting (usually done in less than 5 days)
If you would like to discuss this option further, please email me at your convienance. JustConsiderItDoneInc@yahoo.com - Sat Aug 30 2008, 14:20

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