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Real Estate Investing Forums | Real Estate Investing | Financing, Hard Money Lenders, Private Money (Moderators: $Cash$, Mdhaas) | low scores need lender
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Author Topic: low scores need lender  (Read 6699 times)

Offline LYSHAG

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low scores need lender
« on: October 21, 2006, 08:23:29 pm »
Need lender that can do 100% at 550
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Offline real estate 001

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Re:low scores need lender
« Reply #1 on: October 22, 2006, 10:23:34 am »
what state  are you in
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Offline REI4ROI

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Re:low scores need lender
« Reply #2 on: October 22, 2006, 10:04:49 pm »
Shouldn't be a problem...
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RE Investment Advisor
Weichert Realtors
[email protected]

Offline LYSHAG

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Re:low scores need lender
« Reply #3 on: October 23, 2006, 08:16:33 pm »
I am in the state of florida but also interested in georgia market as well
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Offline christopher w

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Re:low scores need lender
« Reply #4 on: October 24, 2006, 02:00:03 pm »
MILA used to do a 100% full doc at 560, but I have never heard of a 100% LTV at 550.
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Christopher W
C-214.923.5781

Offline REI4ROI

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Re:low scores need lender
« Reply #5 on: October 24, 2006, 03:18:24 pm »
FCM will do a 100 LTV/Full Doc @ a MID FICO of 520 and 95 LTV/Full Doc @ 500 Mid FICO...

Quote from: christopher w on October 24, 2006, 02:00:03 pm
MILA used to do a 100% full doc at 560, but I have never heard of a 100% LTV at 550.
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RE Investment Advisor
Weichert Realtors
[email protected]

Offline christopher w

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Re:low scores need lender
« Reply #6 on: October 24, 2006, 03:36:31 pm »
Thank you for the tip. Who is FCM?
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Christopher W
C-214.923.5781

Offline ShaunG

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    • Virginia Beach Mortgage Company
Re:low scores need lender
« Reply #7 on: October 24, 2006, 10:34:59 pm »
First Consolidated Mortgage and Invest Aid will both do it, but seriously...would you want a 100% mortgage at 12-14% and pay ridiculous fees for it?  I would suggest cleaning the credit up for at least a month or two and then moving forward.
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Shaun Gale
Mortgage Webmaster
Ohio Mortgage Company

Offline rbaxter

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    • Denver Mortgage Lender
Re:low scores need lender
« Reply #8 on: October 25, 2006, 08:27:44 am »
If you are buying a primary residence, can go full doc on your income,  have a motivated seller, and depending on why your credit score is so low, FHA might work.  However, it is a slim chance.
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RJ Baxter
Branch Manager- Fairway Independent Mortgage Corp
http://www.rjbaxter.com/

tbynum

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Re:low scores need lender
« Reply #9 on: November 21, 2006, 08:13:54 am »
Who and what is MILA?
I need a lender that can do 100% on a 578 c. score?



Quote from: christopher w on October 24, 2006, 02:00:03 pm
MILA used to do a 100% full doc at 560, but I have never heard of a 100% LTV at 550.
Logged

Offline real estate 001

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Re:low scores need lender
« Reply #10 on: November 21, 2006, 09:54:14 am »
 8)  low credit most of the time means going hard money??
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tbynum

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Re:low scores need lender
« Reply #11 on: November 21, 2006, 10:02:42 am »
You never did say who or what MILA is?

Quote from: real estate 001 on November 21, 2006, 09:54:14 am
8)  low credit most of the time means going hard money??
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Offline blackmonlanier

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Re:low scores need lender
« Reply #12 on: November 21, 2006, 10:15:57 am »
i know a few lenders
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Offline christopher w

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Re:low scores need lender
« Reply #13 on: November 21, 2006, 12:30:44 pm »
MILA is a non-prime wholesale lender.
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Christopher W
C-214.923.5781

Offline blackmonlanier

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Re:low scores need lender
« Reply #14 on: November 21, 2006, 01:45:18 pm »
Ihave never heard of them.
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