dasmith
20 Posts |
 Posted - 06/13/2008 : 11:04:49 AM
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I have the following scenario. I've had it placed five times now and each time the lender has discontinued the program before we could get it submitted or while we were in U/W the most recent American General after they had it and hung it up for 7 weeks, and with no notice.
SIVA
680 fico
It is a take-out from a construction loan
SFR in CA
Borrower is a General Contractor (company is incorporated, and he is sole shareholder) and it is his own home-has been using it as his home address for two years. He does own another home that is leased by a property management company.
We can provide 24 months bank statements that show more than twice what we need for DTI
Loan amount is $370,000 73% LTV
Is there anyone that can do this???
Thanks!
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