It is an in-house program, but is totally legit. Everything I stated before is fact. In my opinion it's a better program than FHA. At least until FHA goes 100% ltv which I hear is right around the corner. Even then, the product I described is lender paid MI, verses FHA who will always have their upfront MIP.
I need an N/O/O purchase for (improvements then a sale and/or for wholesale). What do you need for that?
i am a mortgage broker and i know for a fact that in order to go 100% ltv you need atleast a 580 fico score. with a 550 you can go up to 85% but the rate is going to be around 9.5%.. goodluck!
I need to know alot. I will send you a private message with a list of some of the standard items I'd need to know...