| Author |
Previous Topic | Next Topic |
|
WestSoCal
45 Posts |
 Posted - 01/25/2008 : 10:24:03 AM
|
Hi,
The loan scenario is:
I have a first time home buyers, SFR, 95%LTV, Sales price $345,000 with 5% down L/A $327,750, O/O, Self Employed, Stated, Borrower 686 fico and Co Borrower 726 fico. This file is ready to submitted and get an approval A.S.A.P, C.O.E 01/31/2008 Property located in California. Looking for a 30year Fixed.
|
|
jpar994
864 Posts |
Posted - 01/25/2008 : 11:06:38 AM
|
Good Luck with that, That is a thing of the past!
|
|
|
mganovsky
2040 Posts |
Posted - 01/25/2008 : 11:08:28 AM
|
| yeah I have some one who will do it and he will also sell you land in Florida sight unseen that is " slighty water logged" |
|
|
randi
3 Posts |
Posted - 01/25/2008 : 11:48:37 AM
|
| you might want to try amtrust, they do a niv on a self employed borrower with that credit as long as you can verify the assets. |
|
|
ERICPRYDZ1
58 Posts |
Posted - 01/25/2008 : 12:51:47 PM
|
| try indymac or flagstar. i submitted a 1st time homebuyer with flagstar and i did as a sisa 95% |
|
|
WestSoCal
45 Posts |
Posted - 01/25/2008 : 2:01:20 PM
|
| Thank you. |
|
|
rortega
952 Posts |
Posted - 01/25/2008 : 4:05:46 PM
|
| I can do this deal at 95% as long as the subject property is not located in a declining market If the property is located in CA I would bet top dollar that the subject property is in a declining market area. If so, your max LTV is 90%. Email me and I can send you our declining market attachment for all our programs. Thanks |
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
