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No Go For MI Under 575

Well, another lender tightens thier grip!

Looks like FHA is going to HAVE to be the way to go for yout sub-575 FICO borrowers...

:-)\

Issued:	November 26, 2007
Effective:	Effective with new loan applications taken on or after November 27, 2007
Summary
Mortgage Insurance (MI) is no longer available for loans with a FICO® score under 575, regardless of the LTV.

Posted by Kris Krajecki Mortgage Broker Huntley, IL on 11/27/2007 10:09 AM

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Kris Krajecki Mortgage Broker Huntley, IL

Huntley, IL

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Kris Krajecki - American Mortgage Werks - Huntley, IL

Office Phone: (847) 426-3431

Cell Phone: (630) 347-6321

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