singingsoprano
25 Posts |
 Posted - 04/15/2008 : 5:03:55 PM
|
OK, I have a loan in So Cal (read: Declining Market even tho it's in Studio City). Purchase price of 700K, borrower has some money to put down, but wants to put down as little as possible due to property needs "tlc" (as his realtor told me: you could live in it, but you wouldn't want to). This means, I'm slightly concerned that it will get marked as a rehab.
But assuming my appraisal comes in as livable...I have a 680 fico for my borrower (800 fico for his wife) purch, sfr, o/o, full doc, it will appraise in that neighborhood probably over the purchase price.
will anyone go to 90%? |
|
Search for: 
