HI, I'm a LO in Florida and have a tricky deal, maybe someone out there knows a lender that would make the exception:purchase in Florida SFR: 315,000.00mid fico 650dti 45%24 months rental history 2200.00 per month and 50k in assets(these are 2 very important compensating factors, showing the willingness to pay)Here's the bad, Chapter 7 in 08/10 VA only requires 2 yrs BUT there were 2 foreclosures included in BK one over 2 yrs and one good caught up with lenders going Bk themselves and just got the deed transferred in January of this year. Does anyone have a lender for me that will make this exception??????Thank youRalph Guertin9542747725ralph@absolutelowrates.com by ralph@absolutelow... from Milton, Georgia. Feb 28th 2013
sorry to say, NO, thats a tough one
I don't think you'll find any takers for that one. Keep in mind what you say are very important compensating factors are not that great given the total profile.
Good luck... no answers...
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