mkrause
117 Posts |
 Posted - 01/04/2008 : 06:38:05 AM
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Im not sure if there is a need for this but I thought I'd throw it out there.
If you are approved with Flagstar Wholesale and you are doing the first with Flagstar and you need a second to make the loan work or to put the loan terms in a better environment then this may be an idea to keep in mind.
I can do a retail second behind a Flagstar Wholesale 1st.
I can do a 95% cltv second/heloc up to $ 150,000 with a 720 on a O/O purch or r/t refi.
I can do a 90% cltv second/heloc up to $ 350,000 with a 720 on a 0/0 purch or r/t refi.
Cashout, second homes, investor I can do but the cltv is at 80% or less.
Stated I can do but I can only go up to 75% cltv (whats the point of that) :)
If your client has an existing first with Flagstar then I can do a second/heloc.
I assume there are better options out there but just in case I wanted to let you all know. |
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