Real estate blog entries tagged with fha loans back in style for fico challenged high ltv borrowers by Illinois Financial Advisor Greg Zaccagni (Farmers Insurance)

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Home : Blogs : Illinois Financial Advisor Greg Zaccagni : Greg 's Blog : Tag "fha loans back in style for fico challenged high ltv borrowers"

fha loans back in style for fico challenged high ltv borrowers: FHA Loans back in style for "FICO challenged" & high LTV financing - 06/02/07 11:19 PM

With Subprime Lender options now more limited some are rediscovering FHA loans. Here's why:
PROS:
Better pricing than most subprime programs Virtually no FICO Requirement Only 3% down for 1-4 units (O/O - required) Down payment can be gifted from seller to approved not for profit payable to buyer @ close Sellers may directly contribute up to 6% closing costs & ppd interest - (not down payment) Rental income payments valued @ 85% - (10% more than most cov financing) Cash Out Refinance up to 95% LTV Rate & Term Refinance up to 97.75% LTV No Income Cap No Cash Reserves … (7 comments)

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Illinois Financial Advisor Greg Zaccagni

Wheaton, IL

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Farmers Insurance

Address: Dupage, Kane, Cook County etc.., Wheaton, IL, 60189

Cell Phone: (630) 853-8555

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