2 n/o/o and rehab questions...Help!!

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irishstu7975

261 Posts

Posted - 05/15/2008 : 12:11:17 PM

My understanding is that MI companies are no longer insuring Non Owner occs...so even if Du approves you cant do the loan becasue of no MI, is this correct?.

I have two different situations

Real Estate agent friend wants to buy an investment property and rent out house (looking for highest LTV possible ) secondary question to this is can the money for DP be gifted to buyer in any way in this deal?

2nd situation is same realtor different property wants to by a house at 35k do 70k in renovations to sell propery... Need a rehab loan or another way to get this done

any thought or lender suggestions

irishstu7975

261 Posts

Posted - 05/15/2008 : 1:32:49 PM

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