I am attempting to get a HML, but was turned down because of our credit. My husband and I are trying to repair our credit; we are evacuees. I spoke with one of the loan officers and he told me that because of the subprime situation HML look at credit as well. He said the restrictions have been tightened across the board. What other avenue could I take?
Call all of the HML to the left, then google some HMLs. HML have different standards. I don’t remember which ones, but I know I’ve spoken to HML that don’t care about credit scores. Some will focus on credit, some experience, some are big seeing the property personally. But you will find one that will do a loan with a poor credit score as long as the deal is sweat enough.