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maxmichel
6 Posts |
 Posted - 08/20/2007 : 4:41:45 PM
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95%LTV
682
335K Loan Amount
OO
SFR
California
No Lates
Refi cash Out
Can anybody do this? |
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Stever
28 Posts |
Posted - 08/20/2007 : 4:46:34 PM
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I have a pretty similar one.
Borrower has 679 fico, but I think I'll break 680 on my next pull.
Purchase price is 522k, 10% down. Co borrower is Full doc, borrower is Bank Statements or Stated.
Ca. SFR, Owner Occ.
Borrower is rate sensitive. No 9%'ers please. |
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MortgageGurl
669 Posts |
Posted - 08/20/2007 : 4:48:59 PM
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| Wilimington and Equifirst can do it |
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Stever
28 Posts |
Posted - 08/20/2007 : 5:22:09 PM
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| Wilmington will not take Business Bank Statements. I was not clear on that, sorry, |
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mainemortgageguy
1031 Posts |
Posted - 08/20/2007 : 5:24:31 PM
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| I think D1 does/used to use business bank statements. |
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MortgageGurl
669 Posts |
Posted - 08/20/2007 : 5:30:33 PM
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I talked to my rep an hour ago and he said yes as long as the loan amount is under $500K and of corse mine is $650K. BNC will do it to but the rate is very high. Equifirst went to 100% with a 680 and bank statements until this morning now it is 95% Max.
Wilmington will not take Business Bank Statements. I was not clear on that, sorry,
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dstout
921 Posts |
Posted - 08/20/2007 : 5:59:32 PM
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quote:
Originally posted by MortgageGurl
Wilimington and Equifirst can do it
We don't use 100% of the deposits on business bank statements -- 75% are used. I don't know of any lenders that accept 100% of the deposits on biz bank statements. |
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MortgageGurl
669 Posts |
Posted - 08/20/2007 : 6:12:15 PM
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| Sorry! I misunderstood I spent 15 hours this weekend looking for lenders for 5 different loans. I found them and got up this morning to find out the lenders guidelines had changed. I spend more time looking for lenders these days then I do processing. |
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