4 Unit NOO 740+ SIVA/SISA friendly lender needed

Author

Previous Topic | Next Topic

mdmanley

79 Posts

Posted - 01/30/2008 : 4:57:32 PM

Have 15 2-4 Unit deals that fit this scenario:

FICO 740+
Loan Amount: Under Conforming Limit
LTV: ranging 65% - 80%
Assets: $100,000+ in most cases
DTI: 35 - 40%
Occupancy: All Investor
Units: 2 - 4
Mortgage Lates: all 0x30

All clients have more than 2 years experience as landlords.

Appreciate any fellow broker that may have advise on this.

Thanks,
MDM

tt281gt

194 Posts

Posted - 01/30/2008 : 5:48:41 PM

Purchase / R/T refi [SIVA]
75% LTV 700 FICO

Cash out [SIVA]
75% LTV 720 FICO

** Declining market restriction of 5% applies
** For N/O/O: If more than 5 financed properties owned by the borrower, max LTV / CLTV is reduced by 10%.

DTI : 50 % Fixed 45% ARM
Reserves : 6 months **

dkendall1979

9487 Posts

Posted - 01/30/2008 : 5:51:10 PM

quote:
Originally posted by mdmanley

Have 15 2-4 Unit deals that fit this scenario:

FICO 740+
Loan Amount: Under Conforming Limit
LTV: ranging 65% - 80%
Assets: $100,000+ in most cases
DTI: 35 - 40%
Occupancy: All Investor
Units: 2 - 4
Mortgage Lates: all 0x30

All clients have more than 2 years experience as landlords.

Appreciate any fellow broker that may have advise on this.

Thanks,
MDM

Cash Out or R/T?

Previous Topic | Next Topic