Posted by John Merchant on June 20, 2008 at 12:18:27:
No one answer covers HML and private lenders.
I’ve got one or two here in WA State who don’t even look at borrower’s credit, while some others have to have 650 or better FICo and all elements have to be “inside the box”.
So, no, no “all HML require 2 year tax” or anything else.
They’re all different and chances are if you really dig you can find one there (?) who doesn’t much care who or what you are so long as the LTV on the RE is OK>