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Polemarc

5 Posts

Posted - 02/27/2008 :  09:18:15 AM
Do anyone know of a commercial lender for multi-family purchases that will utilize the Purchase Pros down payment assistance program in the State of Michigan? $950k Sales Price...Buyer high 600's FICO.
EMScommercial

5138 Posts

Posted - 02/27/2008 :  2:09:28 PM
nope....

maybe elkton mortgage can help you.... oh wait.... you all have had your differences....

anyway....

i really don't know of anyone that would do what you are asking... have a nice day....
knagi

374 Posts

Posted - 02/27/2008 :  8:49:13 PM
Please contact me with any current loans you may need our assistance.
**Our minimum FICO requirement is 600 on both stated and full doc programs

**Our minimum loan amount is $100,000 and maximum of $2,000,000 on stated and $6,000,000 on full-doc

**Our maximum LTV on stated is 85% and the maximum LTV on full doc is 85% and possibly 90% with a strong file on selected properties

I am encouraging you to use these great rates and discounts to your advantage ……

***No up front fees

*** No Origination

***Fast Closings

***low rates

*** will pay up to 2% YSP

All I need to process this file and give you a pre approval

** 1003

** Credit Report

** 2 yr tax returns (Personal and Business) only if we are going full-Doc
This User is a Premium Member, Click Here to Learn More!
mortgagemessiah

8003 Posts

Posted - 02/27/2008 :  9:05:01 PM
quote:
Originally posted by Polemarc

Do anyone know of a commercial lender for multi-family purchases that will utilize the Purchase Pros down payment assistance program in the State of Michigan? $950k Sales Price...Buyer high 600's FICO.



I asked 4 friends of mine who work for non-profit housing groups there and none of them had ever hear of it. If the DSCR is good I can help you if the client wants to put 10% down.
nbrunette

349 Posts

Posted - 02/28/2008 :  08:50:14 AM
I could possibly help you with this loan. I need more information from you to give you an accurate rate andd terms.

Nissa Brunette
Wholesale Account Rep
Amerlender Financial
303-755-5521 direct
nissa@amerlender.com
www.amerlender.com
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