As the government hands out more dough, rates go up and guidelines tighten for mortgage loans.  Can anybody get a mortgage today?

A few tidbits from lenders today:

• Lenders now requires a 660 minimum credit score on a 95 LTV condo or a 90 LTV co-op purchase/rate term refi of a primary residence (formerly 620 FICO)
• 95 LTV second home purchase of a single family/detached PUD requires a 700 score (up from 680), and rate/term refis of second homes are now capped at 90 LTV (down from 95)
• In Florida, purchase/rate and term refinance transactions now require a 700 score at 90 LTV (formerly 660)
• Cash out refinances in Florida are capped at an 80 LTV with a 660 score (reduced from 90 LTV)

 Dale Siegel

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