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jjackie
112 Posts |
 Posted - 05/29/2008 : 11:08:03 AM
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| Does anyone know any lenders that still offer financing to 95 to 97 % in a declining market(CA). NOT FHA |
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HMDApproved
694 Posts |
Posted - 05/29/2008 : 11:09:56 AM
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| My Community program |
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Xanthan Gum
1023 Posts |
Posted - 05/29/2008 : 11:12:13 AM
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check your income to see if it fits MyCommunity
MyCommunity has income limits
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jjackie
112 Posts |
Posted - 05/29/2008 : 11:14:16 AM
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| Income works |
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mantixmortgage
2806 Posts |
Posted - 05/29/2008 : 11:15:08 AM
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| i can do 95% with an approve/eligible or LP accept |
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jjackie
112 Posts |
Posted - 05/29/2008 : 11:17:19 AM
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| Can anyone do 97%, not FHA. California Property SFR |
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Xanthan Gum
1023 Posts |
Posted - 05/29/2008 : 11:18:04 AM
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| Why is FHA not an option? |
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jjackie
112 Posts |
Posted - 05/29/2008 : 11:19:28 AM
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| Too slow, not approved yet for FHA |
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HMDApproved
694 Posts |
Posted - 05/29/2008 : 11:22:01 AM
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| Thats not really doing right by the client??? |
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Xanthan Gum
1023 Posts |
Posted - 05/29/2008 : 11:24:04 AM
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quote:
Originally posted by jjackie
Too slow, not approved yet for FHA
Refer the customer to someone who is FHA approved. That would be in the best interest of the customer. |
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jjackie
112 Posts |
Posted - 05/29/2008 : 11:29:25 AM
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| iTS JUST A PREFERENCE, I AGREE FHA IS THE BEST ROUTE |
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mantixmortgage
2806 Posts |
Posted - 05/29/2008 : 11:31:58 AM
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quote:
Originally posted by jjackie
Can anyone do 97%, not FHA. California Property SFR
no |
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Xanthan Gum
1023 Posts |
Posted - 05/29/2008 : 11:32:45 AM
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quote:
Originally posted by jjackie
iTS JUST A PREFERENCE, I AGREE FHA IS THE BEST ROUTE
You agree then that FHA is the best route, but you are not yet FHA approved. Refer this customer to someone who is FHA approved. |
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Travis Du Bois
590 Posts |
Posted - 05/29/2008 : 11:32:52 AM
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J- please e-mail me for more details. I can get you to 95%LTV in a declining market and go no MI to boot if the borrower fits the bill.
http://www.brokeroutpost.com/loans/brokers/forum/topic.asp?TOPIC_ID=222087
http://www.brokeroutpost.com/loans/brokers/forum/topic.asp?TOPIC_ID=199979
Lets make this happen.
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jjackie
112 Posts |
Posted - 05/30/2008 : 4:35:54 PM
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| what about flex 97 |
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EquitySmart
1240 Posts |
Posted - 05/30/2008 : 5:47:34 PM
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| Apparently declining markets will no longer be an issue (for lenders) starting next week, though you are still at the mercy of the maximum LTV imposed by MI companies. FHA would be the best option if the clients need 97% LTV - otherwise reduce LTV |
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