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Contributor
Posts: 85
Registered: ‎02-06-2013
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Need a HomePath Lender - any recommendations? Live in FL

 
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Starting Score: EQ 542, TU 503, EX 580 (all lender pulled 06/07/11)
Current Score: EQ 649, TU 722, EX 654 (pulled Dec 2013)
Goal Score: 700 club for all 3 agencies!

CapOne$750/FP$400/Matrix$300/VS$500/Walmart$500/BestBuy$1K/KayJeweler$2K (last app 12/16/13)
Contributor
Posts: 79
Registered: ‎05-04-2011
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Re: Need a HomePath Lender - any recommendations? Live in FL

http://www.homepath.com/financing-lenders.html#inline1-content

 

I used Fidelity Mortgage (Lion Bank) for an investment condo I bought last year. They were pretty easy to deal with. My scores at the time were probably similar, no collections on my report or charge-offs. Just some 30/60 day lates from five years back. Conditions were minimal. Closed on time.




Starting Score: 594 (Dec 10, 2010)
Score: 758 (March, 2013
Goal Score: 730 on all (by end of 2012)

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Contributor
Posts: 85
Registered: ‎02-06-2013
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Re: Need a HomePath Lender - any recommendations? Live in FL

Thanks for the feedback. I have paid collections on my report about a year old. Do you remember what the DTI requirement was? I'm reading 55% max.

 

 

--------------------------------------------------------------------------------
Starting Score: EQ 542, TU 503, EX 580 (all lender pulled 06/07/11)
Current Score: EQ 649, TU 722, EX 654 (pulled Dec 2013)
Goal Score: 700 club for all 3 agencies!

CapOne$750/FP$400/Matrix$300/VS$500/Walmart$500/BestBuy$1K/KayJeweler$2K (last app 12/16/13)
Contributor
Posts: 79
Registered: ‎05-04-2011
0

Re: Need a HomePath Lender - any recommendations? Live in FL

[ Edited ]

tirado126 wrote:

.... Do you remember what the DTI requirement was? I'm reading 55% max.

 

 


That honestly didn't come up. My DTI was pretty low even after adding the 2nd property. I set personal limits of about 20% for housing and 35% total to make sure I was far enough under to not be of any concern to underwriting. But I am thinking that the limits are closer to 45% to 48% total. DallasLoanGuy may have better information on that end.

 

As an example.

http://www.mgic.com/pdfs/71-42978_uw_summary_current.pdf

 

More insight.

http://www.dechert.com/files/Publication/93992fe9-89c2-415a-a34b-21a2d0f2e313/Presentation/Publicati...




Starting Score: 594 (Dec 10, 2010)
Score: 758 (March, 2013
Goal Score: 730 on all (by end of 2012)

Take the FICO Fitness Challenge

Community Leader
Super Contributor
Posts: 5,598
Registered: ‎03-06-2010
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Re: Need a HomePath Lender - any recommendations? Live in FL

sent you a good one, see your pm

Valued Member
Posts: 30
Registered: ‎05-09-2013
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Re: Need a HomePath Lender - any recommendations? Live in FL

could you pm me also. thanks

 

Community Leader
Super Contributor
Posts: 5,598
Registered: ‎03-06-2010
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Re: Need a HomePath Lender - any recommendations? Live in FL

yes, pm sent

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