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pross1

125 Posts

Posted - 05/19/2008 :  08:55:40 AM
Who is the best wholesale lender to do a either a fannie rehab or a fha 203 k rehab. i have a borrower that owes 80k on a property worth 120K as is or 150K fully rehabbed. 720's ficos, full doc. We are not currently an approved FHA broker, so anything done as fha would have to be done as a fha referral. The property is in CT.


Any ideas where i can get this deal done?


kathy49

23 Posts

Posted - 05/19/2008 :  12:05:46 PM
Flagstar Bank. Licensed in 50 states. Contact Luke at luke.allison@flagstar.com He can help you.
gsgroupinc

2036 Posts

Posted - 05/19/2008 :  1:11:02 PM
quote:
Originally posted by kathy49

Flagstar Bank. Licensed in 50 states. Contact Luke at luke.allison@flagstar.com He can help you.

Flagstar is doing 203K loans wholesale???
moneyluck

3775 Posts

Posted - 05/19/2008 :  1:24:48 PM
wells is really pushing these retail in new england right now. . .haven't done one with them wholesale, not sure if they do . . .

M and T used to be my go-to.
gsgroupinc

2036 Posts

Posted - 05/19/2008 :  1:29:04 PM
M & T is the only wholesale I know along with BCF in CA
pross1

125 Posts

Posted - 05/19/2008 :  2:03:59 PM
quote:
Originally posted by moneyluck

wells is really pushing these retail in new england right now. . .haven't done one with them wholesale, not sure if they do . . .

M and T used to be my go-to.



why use to be?

gsgroupinc

2036 Posts

Posted - 05/19/2008 :  3:39:57 PM
M & T has limited where they will lend now.
mullaned2002

94 Posts

Posted - 05/20/2008 :  07:38:32 AM
Try Ryan @ Golden 1st.

763-498-4631.


Good Luck!
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