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 Search for: SIVA Cash-Out 80%.
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chrismcdermott

222 Posts

Posted - 05/22/2008 :  09:13:12 AM

I've been searching and searching for a SIVA Lender and oh how the world has changed in a week.

Scenario:

Appraised Value: 460,000.00
Loan Amount: 368,000.00
Cash Out- 100,000.00
LTV: 80%
Stated (W2 Borrower)
Primary Residence
Credit Score 680
Property is Located in Florida
Borrower purchased property in January of 2008
and has put 80k into the property remodeling.
sfentress2

246 Posts

Posted - 05/22/2008 :  09:35:10 AM
Try olympia west or Icon residential capital
xbroker24

442 Posts

Posted - 05/22/2008 :  10:36:31 AM
ameribank will close this in like a week
sfentress2

246 Posts

Posted - 05/22/2008 :  10:37:46 AM
I thought ameribank went out of business, I saw it on ml implode
FLhardmoney

236 Posts

Posted - 05/22/2008 :  10:49:04 AM
If Equifax is over 650 I can do a 99k HELOC in 2nd position. Email me to discuss.

deeles07@yahoo.com
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chrismcdermott

222 Posts

Posted - 05/22/2008 :  11:13:38 AM
who is the contact person at ameribank?
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