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curtsandfort
134 Posts |
 Posted - 05/22/2008 : 09:28:54 AM
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| Who does more than 10 mortgaged properties. I'm doing this guy's 11th house. He is full doc, 780 fico, n/o/o, property in OR. 80% rate/term from private money loan used to construct house. That's based on appraised value, if you need to use acquisition cost, thats okay, let me know. |
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dtabar
816 Posts |
Posted - 05/22/2008 : 09:34:21 AM
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If this is an investment property then you have to stay away from fannie/freddie.
Wachovia and Amtrust will do it in their portfolio. However, the rates and max ltv are not that great. |
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PMFMike
223 Posts |
Posted - 05/22/2008 : 09:34:36 AM
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| As far as I know, Wachovia can do 10+ but must be full doc. Since you are full doc, your golden. |
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curtsandfort
134 Posts |
Posted - 05/22/2008 : 09:37:19 AM
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| Thanks for the quick responses...is there a Wachovia rep on whis board? |
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nowbroker
1491 Posts |
Posted - 05/22/2008 : 09:50:03 AM
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Curt
Also give Washington Federal a call. They have no limit on properties, but are at 75% ltv on NOO www.washingtonfederal.com |
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ddmortgage
297 Posts |
Posted - 05/22/2008 : 10:15:25 AM
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| I can get that done with my private investors if that is of any interest to you. If you like email me @ tyjoconsulting@gmail.com |
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curtsandfort
134 Posts |
Posted - 05/22/2008 : 10:25:49 AM
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| no thanks dd, i have my own private investors, and by the way, would be reluctant to do that with a random LO that found me on this board. Good Luck. |
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subprime
3607 Posts |
Posted - 05/22/2008 : 10:36:38 AM
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Home Savings of America have a portfolio product that goes over 10 properties
Also, I was reading mortgageclose.com has an unlimited financed program |
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