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mousavi
102 Posts |
 Posted - 06/21/2008 : 10:39:36 AM
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I am looking for any lender that still does construction loan for a OOC, SFR, Full doc in 85% LTV.
I have Harrs bank but they charge 1% and loan is $600,000. My guy does not like to pay i%.
Please email or or reply here if you know any good bank.
Thank you |
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jillstatz
671 Posts |
Posted - 06/21/2008 : 11:35:07 AM
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| try Flagstar |
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mousavi
102 Posts |
Posted - 06/21/2008 : 12:11:24 PM
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they need 720 score and we have 651.
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ncmodular
67 Posts |
Posted - 06/21/2008 : 12:26:34 PM
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| try Jimmy Bostic 1-866-812-4826 |
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mousavi
102 Posts |
Posted - 06/21/2008 : 12:48:32 PM
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which bank is he with?
quote:
Originally posted by ncmodular
try Jimmy Bostic 1-866-812-4826
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bjerhoff
33 Posts |
Posted - 06/21/2008 : 6:07:44 PM
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your a moron for not being able to sell your borrower on a 1% bank fee for a jumbo 85% construction loan with a 651 fico.
Construction is hard enough in this market, he shouldn't be complaining or get his fico up |
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asakhrani
24 Posts |
Posted - 07/25/2008 : 4:17:54 PM
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| Do you have the contact for Harrs bank I am looking for a construction loan with the same scenario |
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mousavi
102 Posts |
Posted - 07/25/2008 : 4:27:52 PM
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yes but they do not give any money to brokers anymore and you are not allowed to charge any point or fee and they charge .5% instead of 1%. You need to have a seperate aggrement with your client and they are in 80% LTV. If you could get seperate aggrement from your client you should use Retail Chase bank with no point to your customer.
His name is Ken @815-347-6406 Cell or call Victoria Tafoya @ 866-293-1064x11103 for chase.
quote:
Originally posted by asakhrani
Do you have the contact for Harrs bank I am looking for a construction loan with the same scenario
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