Reply
Contributor
tirado126
Posts: 85
Registered: ‎02-06-2013

Need a HomePath Lender - any recommendations? Live in FL

 
--------------------------------------------------------------------------------
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
cahiatt
Posts: 75
Registered: ‎05-04-2011

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)

Take the FICO Fitness Challenge

Contributor
tirado126
Posts: 85
Registered: ‎02-06-2013

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
cahiatt
Posts: 75
Registered: ‎05-04-2011

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
Senior Contributor
StartingOver10
Posts: 3,814
Registered: ‎03-06-2010

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

sent you a good one, see your pm

Valued Member
amersafe
Posts: 30
Registered: ‎05-09-2013

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

could you pm me also. thanks

 

Community Leader
Senior Contributor
StartingOver10
Posts: 3,814
Registered: ‎03-06-2010

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

yes, pm sent


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+