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Updated almost 11 years ago,
I need a Home path or Conventional Loan! Where are the brokers? :-)
HELLO!
We need a homepath or conventional loan ASAP. Special circumstances:
husband 0 dti and 70k income credit 620
wife 100% dti and 710 credit (therefore wife not on loan? Although wife would like to have her 710 considered if any bank doesn't just take the lowest person's score)
husband has short sale 2 years ago and voluntary repo 1.5 years ago
no foreclosures or bankruptsies
we did a haffa short sale on the old house with special circumstances due to being transferred. New credit history has been built in the last 1.5 years for husband with stable w2 income and credit cards.
20% down for conv. 10% down for home path
We have another $80,000 of income that we make that's not on the tax return if AND lender would consider part stated income and part w2 income. We can provide bank statements.
We have tenant in our primary home for 2 years, and a lease for 3 years not on return if any bank will consider that income.
We will have a income apartment on the new property if any bank will consider that income.
Loan amount desired is $330 to $400k
If you think you can help me, please let me know. We have a home we love and would like to make an offer on.
THANK YOU!