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TSVHOMES
155 Posts |
 Posted - 05/09/2008 : 3:57:20 PM
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I HAVE A FEW OF THESE. NON-OWNER & OWNER OCCUPIED PURCHASES. I TOOK A LITTLE HIATUS, SO I'M TRYING TO FIND OUT WHAT HERE & WHAT'S NOT. BE EASY ON ME, LOL!
THESE CLIENTS ALL HAVE 720 SCORES OR BETTER. BUYING 2-UNIT PROPERTIES IN NY, GA & PA. ALL THESE DEALS ARE UNDER $100,000. MOST ARE NOO. I HAVE 8 OF THESE DEALS. ALL SELF-EMPLOYED 1099. I NEED AT LEAST 90% SIVA. BANK STATEMENTS MIGHT WORK FOR A COUPLE OF THEM. LET ME KNOW WHO'S ABLE TO DO THESE. THANKS, GUYS. |
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TSVHOMES
155 Posts |
Posted - 05/09/2008 : 4:12:52 PM
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| ANYONE??? |
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RDwyer
3267 Posts |
Posted - 05/09/2008 : 4:34:05 PM
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| You can't get MI for stated any longer. 80% will have to do. |
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TSVHOMES
155 Posts |
Posted - 05/09/2008 : 4:46:49 PM
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WOW!!!
YOU'RE THE 2ND PERSON TO TELL ME THAT.
I'VE BEEN OUT OF THE LOOP FOR A FEW WEEKS. IS THIS FOR REAL? ALL ACROSS THE BOARD? CAN YOU POST MORE DETAILS ON THIS? |
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AK__47
582 Posts |
Posted - 05/09/2008 : 5:19:18 PM
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bank statments are pretty much gone too
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mantixmortgage
2660 Posts |
Posted - 05/09/2008 : 5:39:00 PM
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| more details are that no MI companies will insure stated non owner so you are capped at 80% |
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jwillmott78
194 Posts |
Posted - 05/09/2008 : 8:16:21 PM
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this is true no mi company will insure
a non owner anymore
and stated is going to go away as well
we cannot do anything stated past 80%
all the mi companies we have will not insure stated
anymore
good luck |
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TSVHOMES
155 Posts |
Posted - 05/10/2008 : 03:12:01 AM
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| Oh ok. I see. This only applies to non owner occ deals. Thanks for the info guys. |
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