We are struggling to get pins in the map in our LTM tracts. We currently have a $500 closing cost assistance program for LTM incomes and geographies on purchase money. We are looking at expanding that to include refis.

We are thinking of getting a list of credit scores over say 680 (secondary market qualified) in our LTM tracts and then data mining that list with public tax records and mortgage filings to see if a refi makes sense for that address. If it does we would contact the owner directly to see if they want to refi.

Has anyone else tried this strategy? What holes/issues do I have with this strategy?