I did a preapproval for this couple 5 months ago. They give me a call a couple days ago. Found the house they wanted. Problem was that his score dropped from a 660 down to a 546. He had 2 new collections and a late on his credit card since the first credit I had pulled. Her score stayed in the 660 range. He makes about a grand more than her a month. They need a 100% loan and that is impossible with his credit score since he is the main bread earner. My solution came to me thru Own-IT Mortgage. They have a product that lets you blend the 2 middle scores together. The way it works is you take both middle scores and divide them by 2 and that is the score you use. They went from qualifying for 90% max to 100%! It made my day. I hope it helps you with a similiar deal in the future. It is called Family Score.

Very good to know. THANK YOU.

Novastar averages as well (all three), Crevecor will average the two highest scores.

I think Delta will average as well and I know Argent and Olympus will use the high score. Accredited will average the two high scores.

Crevecor no longer averages the two highest scores.

Oh really? When did they do away with that? Guess it's been over a year since I used them.

I would say maybe 6-8 months ago. Do you a lender who does 100% Stated Wage Earner?

I know a bunch....what are the details?

I don't have a scenerio but WMC no longer offers it and I was wondering who else I could go to if the need arises.

Freemont
Harbor Capital
Master Financial
HMIC
Bay Capital
Corestar
Nations
ResMae
Master Financial
1st Choice
Accredited
Tower
Alt-Funding
AMC

I'm sure there are more, thats just off the top of my head...

Thank you very much AZ!

You are very welcome girl!!

Thanks AZ, I did not know Delta averages as well.

Where are my manners....Your welcome Ale

I don't know if you know of Equibanc but they are very strong on the 100% stated wage earner deals. They are the subprime unit of Wachovia.