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RobStorm
474 Posts |
 Posted - 02/25/2008 : 1:23:08 PM
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Borrower has 702 Middle Score
$1,600,000 purchase price
$1,440,000 loan amount (95%)
Full Doc loan
Primary Residence.
Need pricing ASAP! |
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RobStorm
474 Posts |
Posted - 02/25/2008 : 1:51:41 PM
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| Anybody? |
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manwithaplan
486 Posts |
Posted - 02/25/2008 : 1:54:31 PM
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this one isn't looking good.
such a large loan you'd think they'd have more reserves.
Good luck! |
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RobStorm
474 Posts |
Posted - 02/25/2008 : 2:03:30 PM
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quote:
Originally posted by manwithaplan
this one isn't looking good.
such a large loan you'd think they'd have more reserves.
Good luck!
They have plenty of reserves. I'm trying to find out if 95% is doable. |
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williamspeaking
4058 Posts |
Posted - 02/25/2008 : 2:09:41 PM
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it looks like the 1.4m kills it at 95%
US Bank prime does up to 100% financing but only to 900k
http://www.usbank.com/content/mortgage_brokers/docs/pdfs/GAtoSCPrimeAlternativeRatesGuidelines.pdf
Citi will allow 95 cltv to 1m, but at 1.5m it cuts back to 75% |
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