Thursday, September 16, 2010

Any California Lenders out there that can qualify this borrower for a 1% pay option ARM?

I am a broker and none of my lenders can qualify this guy for this type of loan. The bankruptcy kills the deal. I was wondering if anyone can do this?



Bankruptcy in July 2005

FICO= 583, 669, 630

LTV=90%

LA=500,000

Stated Income (he's a self employed contractor) with a DTI < 35%

Loan is for the purchase of an Owner Occupied home



Thanks in Advance