Seventy percent of the Alt A and Subprime Mortgage Lenders have shut down. Here at Lenders Direct Mortgage we are always looking for new programs to help our clients purchase homes. We have a GREAT new product. It is a Stated Income Loan that will go up to 95% loan to value with as low as a 660 FICO Score.  With a FICO Score of 700 or better the 30 year fixed rate would be 6.875% with No Prepayment Penalty.

We also have a Stated Income/Stated Asset new program with as little as 10% down and a 681 or better FICO Score and a No Ratio program up to 95% loan to value with a 660 FICO Score.

If you are self employed and can't qualify on a regular loan these programs may work for you. Please call me at (800) 552-1188 for a Free Consultation.

Thank you,

Lynne Dewar

Sr. Mortgage Consultant