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 Search for: Loan Scenario Help... Full Doc, 690 Fico, O/O.....
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clearwaterny

161 Posts

Posted - 05/09/2008 :  1:28:35 PM
I have a client looking to purchase a Prop. The scenario is as follows

SFR
O/O
Full Doc/Assets
709,000 Purchase
10% Down
690 Fico
FL Prop

The MI I already called UG and they would secure it but the issue I'm having is the declining market policy (so I need a lender that will start at 95% ltv) and the loan amount ($683,100). If worst case scenario I can split this into a 80% first and outside 10% but the issue comes again the declining market policy. Any wholesale lenders or suggestions would be appreciated. Thanks.
FLhardmoney

140 Posts

Posted - 05/09/2008 :  1:34:40 PM
I have an idea that may blow away all other options. Contact me to discuss. deeles07@yahoo.com
FLhardmoney

140 Posts

Posted - 05/09/2008 :  1:37:05 PM
Just to clarify this is private funds but not hard money rates...will be around prime on this scenario.
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