I am sure that everyone has heard of all of the changes in the mortgage industry. My understanding is that the STATED PROGRAMS are going to be a thing of the past for clients seeking 100% financing. Is that what you have been told?

 

 
Posted by Darren Lane on 08/25/2007 04:11 PM   Comments (3)  
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3 Comments on Stated Loan Programs

AUG
25
2007
 What other options are there at 100% for clients that were seeking this type of loan. Wanted to network with some other loan officers that may have a solution for the new guidelines.
6:44pm • #1
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Yeah...one of my buyer clients is having trouble getting financed right now.  700+ credit score, 10% down, many compensating factors...but Stated Income.  We'll find out Monday if it goes through Underwriter.
10:52pm • #2
Try Suntrust they have a Stated Program that requires 5% down and I believe a score of 700 or higher. Give me a call and I can give you my contact person if needed.DML
11:02pm • #3

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Darren Lane

Charlotte, NC

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Equity Advantage Realty, Inc

Address: 9418 Bayview Parkway, Charlotte, NC, 28216

Office Phone: (704) 426-7522

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Southlake Realty, LLC is a Premier Real Estate Firm located in Denver, NC. We service all of Lake Norman and surrounding areas.


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