Check Fannie Mae to see if your loan qualifies: http://www.knowyouroptions.com/loanlookup
Check Freddie Mac to see if your loan qualifies with them:
*Eligibility criteria are for guidance only.
Real life examples:
Real customer number #1 – Property in Stockton Ca. One of the hardest
hit areas in the STATE of California. 148.05% LTV. $292,000.00 loan
amount. Payment dropping by $372.22 bucks a MONTH. NO appraisal
required. Customer told Loan Officer that without this opportunity,
they would have lost their home and destroyed their credit.
Real customer number #2 – Property located in Antioch, Ca. Perhaps TIED
with Stockton, Ca. as one of the hardest hit areas in the State of
California. 144.39% LTV. $345,000.00 loan amount. Payment dropping by
$386.70 per month. NO appraisal required. From start to finish we
closed the transaction in 24 days from the APPLICATION date. 24 Days!
Real customer number #3 – Property located in Pittsbur, CA.
149.5 LTV. $140,000.00 loan amount. Payment dropping $189.00 per
Property types include, second homes AND Non-Owner.