Wow! What a day I had yesterday, 3 weeks ago one of my referring Realtors sent me one of their clients. She went online and field out an online credit application. After running her credit and looking at documented income from her jobs and getting a 626 mid credit score and a 43% debt ratio. I was able to receive a DU approval. She went house hunting and found her dream home.
In the mean time the lender that I was using for her financing sent out a notice that their guidelines were in the midst of change. There new guidelines would only allow for a 640 credit score or higher and a max 48% debt ratio for any loans that were not registered by said date.
To see the rest of the story and some information on the programs go to http://www.securemtgonline.com/HomeMortgageProgram