100% Mortgage with 620 score

Discussion in 'Credit Talk' started by charlieslex, Aug 17, 2002.

  1. charlieslex

    charlieslex Well-Known Member

  2. dogman

    dogman Well-Known Member

    fascinating Charlieslex....

    aarrff - dogman
     
  3. lyttlemac

    lyttlemac Well-Known Member

    What a wealth of information. This is an awesome find. Thank you!
     
  4. jrjr35

    jrjr35 Well-Known Member

    thanks charles..
     
  5. marci

    marci Well-Known Member

    What's the name of the program?
     
  6. kittiekat3

    kittiekat3 Well-Known Member

    Very good news! Thanks Charlie!
     
  7. fla-tan

    fla-tan Well-Known Member

    Yes this is a mortgage that has been offered by a few of the larger conventional lenders for about 6 mos. now. Part of the reason that some of the lenders are now offering this type of loan is to prevent problems in relationship to the old "red lining" that most did years ago.


    fla-tan
     
  8. charlieslex

    charlieslex Well-Known Member

    Right now is the time to buy a house, in my opinion, because the mortgage bankers are doing almost anything to get people laons. My friend, in Houston, told me she can get a loan for anyone 500+. that to me is amazing. Example, if a couple moved from Point A to Point B and only one has a job there are companies out there that will allow the spouse to include her/his future income in the mortgage qualification. Charlie
     
  9. mj

    mj Well-Known Member

    Note -- there are income caps to this program - anyone have any ideas on what they are?

    -mj
     
  10. G. Fisher

    G. Fisher Banned

  11. G. Fisher

    G. Fisher Banned

    Date: Monday, 9/2/2002
    To: Henry Savage <hsavage@amortgages.com>
    Subject: Re: You're on

    It isn't on this page.

    https://ilnet.wellsfargo.com/ilonline/whole/products_conventional.htm

    As you said, there are dozens of these types of programs; it's hard to tell to which you were referring. That's why I hoped you could give us a program name.

    Does it have one? Perhaps there is something on the Freddie Mac site. Or, is it a secret?

    ------------------------------------------------

    Date: Mon, 19 Aug 2002 10:13:28 -0400
    Wrom: TZRCLBDXRQBGJSNBOHMKHJYFMYXOEAIJJPHSCR
    Organization: PMC Mortgage Corporation
    To: Greg Fisher <gfisher@erinet.com>
    Subject: Re: You're on

    Thanks for writing. I was referring to a program offered through mortgage brokers by Wells fargo. Check with brokers in your area to see if it's available.
    -Henry Savage
     
  12. marci

    marci Well-Known Member

    Thanks, Greg, for the Wells Fargo link. If the guy does give a specific program name, please post it here.

    Thanks again,
     
  13. G. Fisher

    G. Fisher Banned

    ?

    https://ilnet.wellsfargo.com/ilonline/whole/
     

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