I have been approved for my mortgage but my broker is telling me I need to put down 15% not 5 or 10%. My income is mid $100k, scores low 700's, paid off a tax lien from a business this year. He is telling me the tax lien within the 7 years of filing my CH 7 BK is tiggering a red flag with Fannie Mae system.
Has anyone else come across this? Does this sound fishy?
Thanks!
Penfed Platinum Sig Visa $33k, PenFed PLOC $25k, NFCU Cash VISA Sig 22k, NFCU Visa Flagship 22k, CAP1 Venture $23k, CAP1 Venture One $15k, NFCU NAV Check $15k, Barclays Arrival $13,2k, DCU VISA 5k, Cap1 QS 7.5k, WF Finance 3.5k, Merrick 2.2k, Barclays Apple Financing 6.1k BestBuy 5k >Ch7 BK filed 8/09; DC 01/10 EQ 636 Nov 13;
EQ08 718 | TU 731 | EXP 728
Inqs: EQ 11, TU 8, EXP 11(last 2 yrs)
Goal 750+ In the Garden til
