Mortgage Grapevine

FHA Sreamline - 580 Minimum Score Lender Needed

Anyone know of lenders other than Freedom Mortgage that allow FHA streamlines with minimum 580 score? Incidentally for those that don't know, Freedom will go down to a 550 on a streamline. We would like to have more than 1 option if possible.


Thanks!
by let's close some loans November 3, 2009 11:09 AM

I think AFR, but get ready for a 6.5% rate
by Donktard Borker November 3, 2009 11:28 AM

Donktard Borker,

Thanks for your response....6.5% rate WOW!!! I am expecting a little higher rate so I should not be surprised. I'll check them out.

Again, thanks!
by let's close some loans November 3, 2009 11:46 AM

You can also try FPF Wholesale. Not sure about their current guides, but they did at one time.


by desert dweller November 3, 2009 12:19 PM

Thanks desert dweller....I went to their website, but need to be signed up to look at rates etc..., and apparently we are not. Appreciate the info anyway!
by let's close some loans November 3, 2009 3:44 PM

Went back and found on the FPF wholesale website a guideline section not requiring user name & password. They require a 620 now, and after 11/17/09 it will be 640 for streamlines. Thanks!
by let's close some loans November 3, 2009 4:10 PM

First Mortgage Corp
Chris McBrearty 858-735-3512
by Strategic Planner November 3, 2009 8:59 PM

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