boomer Posted May 23, 2007 Report Share Posted May 23, 2007 Maybe someone could explain exactly what it is and qualifications?Thank again firstsource! Link to comment Share on other sites More sharing options...
2ndTimeAround Posted May 23, 2007 Report Share Posted May 23, 2007 boomernot enough information.To be qualified for a loan - three things are looked at. The LTV (the amount of equity you have), the DTI debt 50% of income (2yr history), and your credit score.What type of loan are you asking about? Link to comment Share on other sites More sharing options...
boomer Posted May 23, 2007 Author Report Share Posted May 23, 2007 The My Community it is something like FHA was just wondering if anyone was familiar with it. Link to comment Share on other sites More sharing options...
VaSwtness Posted May 24, 2007 Report Share Posted May 24, 2007 I have a "My Community" mortgage. It is backed by Fannie Mae. Go to their website and review the mortgages and you'll see the description. This one is used a lot for teachers, firefighters, etc. While I don't fit that part of the description, I did fit into for other reasons. Link to comment Share on other sites More sharing options...
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