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 Search for: Any lenders still doing 80% on a 4-plex?.
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trulyblessed

2 Posts

Posted - 05/28/2008 :  2:51:15 PM
It would be greatly appreciated if anyone might know of a lender still doing 80% LTV on a purchase for a 4-plex. This is full doc, 806 score, $176k loan amt, WA state. Thank you.
Sabina15

107 Posts

Posted - 05/28/2008 :  3:02:15 PM
Indymac Alt A, Flagstar, ICON, Trust One, Everbank, Citimortgage, Colorado Federal Savings Bank.
velecico

3991 Posts

Posted - 05/28/2008 :  3:05:26 PM

just wondering what the rents would be something like that , WA state is nice I heard , if they OO one of the units you can go FHA with even less than 20% down I think
trulyblessed

2 Posts

Posted - 05/28/2008 :  3:06:45 PM
Thank you for taking the time to list these investors Sabina. That's a nice sized list. I will inform you Flagstar is not one that will do this particular scenario, and I understand it's tough to keep up with all the changes going on.
Clr2close

330 Posts

Posted - 05/28/2008 :  3:50:52 PM
Truly blessed if this is a full doc loan i can get this done at 97 LTV if you need the higher ltv please email me to discuss further at Dlaylock@idealmb.com
nowbroker

1384 Posts

Posted - 05/28/2008 :  4:47:06 PM
97% ltv on a 4 plex???
If you are talking about FHA I have never heard one that would cash flow zero at that LTV
If it is conventional are there MI companies that would bite?
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