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Question for Charles


Flipper762
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I don't know the retail end, but there are some "odd" lender's programs on the wholesale level.

One averages the 3, and if there is a co-borrower, averages the 6.

One averages the top 2

One takes the Predominate bureau in that zip code, and uses that score.

Charles

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Retail end is where a consumer would go (shop) for a mortgage, their broker will then take the loan on the wholesale market and try to place it with an investor. Charles, you do not offer this product?

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Yes, I have lenders that have those products.

I phrased my reply to flipper the way I did, as I know the wholesale end, but don't really know what is available on the retail end. I don't know if s/he is going to go directly to lenders, or work with a broker.

Then to make it more difficult, there are brokers that deal with conforming and a little sub-prime, so I left it as a hint that if s/he is working with a broker that says "No, there aren't any programs like that", to keep asking, or to find another broker.

Charles

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