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Credit Score in Boynton Beach : Real Estate Advice

  • All652
  • Local Info49
  • Home Buying189
  • Home Selling17
  • Market Conditions51

Activity 2
Wed Mar 25, 2015
Susan Doyle answered:
I too am sorry for your family matters. I do want to say, if you had any properties wrapped in to your foreclosure, you must wait the alotted time from the date the foreclosure was done, it is more time than that of the Bankruptcy itself. I would advise consuting a lender when you are ready and put all yoru cards on the table, don't leave anything out. Good luck to you and your family. ... more
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Mon Aug 6, 2012
Stephen McRory answered:
They say it does not if done within a cetain time frame, but if you have low scores an an U/W sees a bunch of inquires, then it could hurt.

Why are you looking to do FHA? I write FHA loans too, but only if the borrower has no other option. FHA loan are NOT Cheap when you factor in that FHA MIP Fee of 1.75% points stacked on the loan and then the 1.25% Monthy MI premium that is not tax deductible for many borrowers!

See loan programs #2, #4 and #5 below

1) 100% LTV- VA /Debt Payoff on Purchases too
2) 100% LTV- USDA/12 mo. into Chapter 13 BK…OK!
3) 99% LTV- FHA ($100.00 down)

4) 97% LTV- No PMI and No FHA MIP FEE of 1.75%
5) 95% LTV- No PMI
6) 95% LTV- CONDO
7) 90% LTV- No PMI 2nd Home
8) 90% LTV- JUMBO
9) 85% LTV- No PMI to Super Jumbo

STATED INCOME ALT loan programs up to Super Jumbo
10) 80% LTV- FIX n’ FLIP Invest. Prop.
11) 75% LTV- NEW- Stated Income Alt
12) 75% LTV- NEW- Foreign Nationals- Stated Income Alt
13) 75% CLTV-NEW- after Short Sale, BK or Foreclosure
14) 70% LTV- Soft and Hard Money -Stated Income Alt

Closing Cost Assistance Avialable too.

$150,000 up to $1,500

$250,000 up to $3,500

$500,000 up to $10,000

This is for any borrower purchasing a listed property over $133,000 in Florida and does NOT have to be paid back

Steve McRory
Pro Option Mortgage/ Florida
Ph: 888 662 4404
... more
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