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jsimmonizer
115 Posts |
 Posted - 01/18/2008 : 6:03:28 PM
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I am looking for lenders that can do a construction loan lending 100% of the cost to build. I hope something like 90% of apprasied value.
It is SFR, Full doc, in UT, 700+ scores, Princable residence, $375,000 loan amount. Hashigh W2 income but short on assets so needs 100% of the cost.
If you think you know a lender that can do it, pass it a long.
Thanks,
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MTGCONTENDER23
137 Posts |
Posted - 01/19/2008 : 4:28:27 PM
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I CAN HELP YOU OUT ON THIS ONE.
KEITH HOGUE
SC LENDING GROUP,LLC
5225 KATY FREEWAY SUITE 202
HOUSTON, TEXAS 77007
(713)554-9103 PH
(713)392-5487 CELL
(832)778-5070 FX
KEITH.HOGUE@SCLENDINGLLC.COM
WWW.SCLENDINGLLC.COM
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lukeallison
1392 Posts |
Posted - 01/19/2008 : 8:35:40 PM
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| I think for most borrowers, on conforming stuff, you need 5% hard investment. Let me know if that would work. |
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jsimmonizer
115 Posts |
Posted - 01/31/2008 : 12:07:17 PM
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Keth,
Send me a email with details to what your program requires. I want to see if it fits.
jsimmons@utahfinancial.com
Now come on guys, there as to be more lenders out there that can do this deal, sended them in. |
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jtinoue
76 Posts |
Posted - 01/31/2008 : 12:17:27 PM
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Most lenders have exited or tightened up their construction lending. The only lender I knew of that was doing 100% of cost was www.americanconstructionbroker.com You may want to check them out. Pretty much everyone else is going to require at least 5% of the total acquisition cost.
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