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 Search for: Michigan Referral: Stated HELOC.
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madler

191 Posts

Posted - 05/28/2008 :  09:14:29 AM
I have a referral for anyone that can help. Borrower wants to take out a HELOC on their primary residence in Michigan. They have assets to show but are stated income (self-employed) with a 690 mid FICO.

The CLTV would be around 60-70%.

E-mail me if you can help.

madler@northstarhomelending.com
madler

191 Posts

Posted - 05/28/2008 :  12:11:01 PM
no one has a stated HELOC?
FLhardmoney

252 Posts

Posted - 05/28/2008 :  1:57:42 PM
If borrower is willing to open a new checking or similar account with a bank I can do it after it's been open 45 days up to 50k. Let me know if this will help
deeles07@yahoo.com
madler

191 Posts

Posted - 05/28/2008 :  2:02:18 PM
quote:
Originally posted by FLhardmoney

If borrower is willing to open a new checking or similar account with a bank I can do it after it's been open 45 days up to 50k. Let me know if this will help
deeles07@yahoo.com



how long would the funds have to stay in the bank account?
dtabar

768 Posts

Posted - 05/28/2008 :  2:04:38 PM
NO ONE HAS A STATED HELOC. Try the local bank, they may have some niche program.
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