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nickrichards
5 Posts |
 Posted - 05/08/2008 : 7:10:41 PM
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Hi I am looking for a lender I have a purchase loan.
Loan Amount : 910000.00
LTV : 95%
purchase
full docs
condo (4 stories)
Owner occupied
FICO 720
Please let me know. u can call me at 786-380-4311
Nick |
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davidfr
767 Posts |
Posted - 05/09/2008 : 05:27:07 AM
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| You will need 20% down for this deal in my opinion. You have a slim chance of finding 85%, but 95% is impossible. |
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bbbbenny
221 Posts |
Posted - 05/09/2008 : 08:38:59 AM
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You can do an 80/15/5 w/ Amtrust but their 2nd will only go to 90. I don't imagine you'll find a 2nd to go to 95.
Sorry, that's all I know of. |
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davidfr
767 Posts |
Posted - 05/09/2008 : 08:44:00 AM
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quote:
Originally posted by bbbbenny
You can do an 80/15/5 w/ Amtrust but their 2nd will only go to 90. I don't imagine you'll find a 2nd to go to 95.
Sorry, that's all I know of.
Did you see the loan amount? Can Amtrust really do that at that loan amount? |
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bbbbenny
221 Posts |
Posted - 05/09/2008 : 08:48:39 AM
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We're newly signed on w/ them but I ran a similar scenario by them and was told it could be done to 90 w/ them, 95 if I had an out side 2nd. These are their guides from the site:
For Jumbo and Super Jumbo Loans Maximum debt-to-income (DTI) ratio is 45%, regardless of Gemstone AU. Please submit Loan Opportunity Requests for consideration of higher DTIs with exceptional compensating factors.
Occupancy
Units
LTV/CLTV/HCLTV 2
Loan Limit
FICO
Owner Occupied
(Primary Residence)
1-2
95/NA/NA
$750,000
700
1-4
90/NA/NA
$600,000
660
1-2
85/NA/NA
$800,000
660
1
80/95/95 1
$750,000
660
1-2
80/95/95
$1,000,000
680
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