Posted by IB (NJ) on July 01, 2002 at 15:38:19:
I hear that a lot regarding HML’s. But from my experience (calling a bunch of HML’s and working with a couple), your FICA matters. They want to make sure they are not lending to a deadbeat. I don’t think it matters as much as it does in a conventional lending situation, but it does hold wait. Many HML’s just won’t lend if you’re credit score is too low.