90% CLTV HELOC

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dinkeridoo

324 Posts

Posted - 03/20/2007 : 4:53:14 PM

Need a $75,000 Heloc behind an 80% Option Arm. CIT was in midst of approving this loan until a guideline change said they had to count the markup of recast of the first lien.

So...
House appraised at $750,000.
An 80% option arm just closed, and now we are looking to do a $75,000 HELOC at 90% CLTV
0 X 30
655 FICO
Stated Income, Verified Assets
Single Family/Owner Oc

Thank You!

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