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Looking for a direct lender with no overlays on minimum trade lines for FHA

by blockingchris441 from St. Paul, Minnesota. Oct 17th 2017 Reply


Joe Becker (JoeBecker)
#60 ranked lender in Minnesota - 57 contributions

We may have some options for you. We are right in St. Paul. Contact me at your earliest convenience. Thank you!

Oct 17th 2017
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FHA does not have a minimum trade line requirement, but many lenders add overlays to basic FHA guidelines that may add minimum trade line requirements. As long as you have scores, we should be able to help. For situations like this for properties in MN, WI, and SD, vist me at www.JoeMetzler.com. My office is in St Paul, MN

Oct 17th 2017
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,000 contributions

More info needed.. There are a lot of lenders out there that do have a minimum trade line requirement.. but if you don't have a credit score, then your file must be manually underwritten and they will need to use alternative credit references to build a credit profile for you.. This is an FHA guideline.. not an overlay.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Oct 18th 2017
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