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adana14
168 Posts |
 Posted - 02/15/2008 : 1:36:46 PM
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I have a purchase in Nevada and I'm just wondering if there's any lender that still do 95% LTV that don't mind if it's declining market.
FICO: 723
SISA
95% LTV
Purchase
Nevada
Loan Amount: 527,277
Sales Price: $555,029
SFR-primary
Please let me know..
Thanks!
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anannival
419 Posts |
Posted - 02/15/2008 : 1:42:51 PM
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| Try US Bank. Not sure if they are still able to insure it though. I know a bunch of MI companies are not insuring anything stated anymore so you might have to look for a LPMI product. Good Luck. |
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homeownerhunter
382 Posts |
Posted - 02/15/2008 : 1:51:08 PM
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| Try Countrywide |
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anannival
419 Posts |
Posted - 02/15/2008 : 1:57:25 PM
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| I just looked it up on my NYLX...looks like 5.99% is par for a 95% SISA through Flagstar. No LPMI though. |
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adana14
168 Posts |
Posted - 02/15/2008 : 2:08:33 PM
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Anannival:
Really? I went to Flagstar and tried to priced it and it said that there's no program available.
Can you give me what program did you priced it?
Thanks! |
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adana14
168 Posts |
Posted - 02/15/2008 : 2:19:59 PM
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Countrywide and US Bank can't do it also.
Is there any lenders out there? |
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anannival
419 Posts |
Posted - 02/16/2008 : 06:47:56 AM
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| It is their 30yr fixed SISA....however, we are set up correspondent with them so I am not sure if that makes a difference on their programs. US Bank can definitely do this loan because I just funded one like it on Thu...the rate was 6.875%<2.25>. |
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adana14
168 Posts |
Posted - 02/16/2008 : 12:37:35 PM
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Okay, who is your rep? can you give his/her contact info?
Thank you! |
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anannival
419 Posts |
Posted - 02/17/2008 : 08:21:02 AM
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| We are set up correspondent with them...no rep. |
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hlawler
145 Posts |
Posted - 02/17/2008 : 8:45:56 PM
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| US Bank does not do Stated Income loans through Wholesale. Are they doing them through Correspondent channels? |
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