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Quicksilver
4630 Posts |
 Posted - 07/09/2008 : 2:36:08 PM
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| Seems even with 30% down I'm seeing rates in the 8 range or higher with the invest hit on conforming, is that pretty much game right now? |
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Ryan Robertson
246 Posts |
Posted - 07/09/2008 : 4:27:00 PM
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| Not sure strong is the word but we are better than 8% on 70% ltv. Give me a call if I can help? |
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808
2597 Posts |
Posted - 07/09/2008 : 4:43:31 PM
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| Hard Money Lenders love them in Fl because their not Homesteaded which means you can make 10pts on the front and not have to worry about Section 32. However rates are gonne be in the dbl digits (10.99-14.99%) w some less thandesirable terms and PPP's in most cases |
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liverichly
3936 Posts |
Posted - 07/09/2008 : 4:58:09 PM
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| Hey Chris I thought you gave up residential! |
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mantixmortgage
2717 Posts |
Posted - 07/09/2008 : 5:04:09 PM
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i priced out a duplex with 648 fico non owner at 7.375 today
so i guess that's good? |
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Quicksilver
4630 Posts |
Posted - 07/09/2008 : 5:05:59 PM
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quote:
Originally posted by liverichly
Hey Chris I thought you gave up residential!
I have a couple purchases, and these were from some close friends who don't trust anyone else lol. Only doing it for them, I'm way to busy with everything else and working on getting our PE fund together. |
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Agent_Mike
375 Posts |
Posted - 07/09/2008 : 5:06:51 PM
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hey Chris,
I've been working on similar investment properties in CA.
For ADJUSTABLE 3/5 check Flagstar. They do up to 70% investment 720+ FICO SFR conforming amounts with rates 6 - 7%.
For 30 Fixed - check CITI. They go up to 700+ for SIVA and 740 for SISA investments SFR conforming with rates in the low 7%
I got more investment banks for 70% ltv. If you need help, call me. I'll point you to the right direction. |
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velecico
3991 Posts |
Posted - 07/09/2008 : 8:09:55 PM
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does CITI or FLAG allow SIVA for NOO ?
does anyone ? |
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mantixmortgage
2717 Posts |
Posted - 07/10/2008 : 12:34:39 AM
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quote:
Originally posted by velecico
does CITI or FLAG allow SIVA for NOO ?
does anyone ?
technically yes
to 75% |
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sfentress2
246 Posts |
Posted - 07/10/2008 : 06:53:54 AM
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| Try HSBC. |
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velecico
3991 Posts |
Posted - 07/10/2008 : 07:16:37 AM
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HSBC only allows for self employed , I have a W2
Robert , are you signed up with Gateway Funding ? |
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sfentress2
246 Posts |
Posted - 07/10/2008 : 07:38:53 AM
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| It it is a W2 your only option will be CITI. W2 stated will soon be a thing of the past. |
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subprime
3606 Posts |
Posted - 07/10/2008 : 08:31:52 AM
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quote:
Originally posted by sfentress2
Try HSBC.
Scott, do you know what ltv HSBC will go to for a SIVA N/O/O self employed Purch or R/T Refi by chance? |
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sfentress2
246 Posts |
Posted - 07/10/2008 : 09:08:33 AM
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| Yes as long they are self-employed. |
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mantixmortgage
2717 Posts |
Posted - 07/10/2008 : 09:12:23 AM
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quote:
Originally posted by velecico
HSBC only allows for self employed , I have a W2
Robert , are you signed up with Gateway Funding ?
no, but it's really easy to get set up with us.
only thing is, we don't lend on the east coast yet |
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sfentress2
246 Posts |
Posted - 07/10/2008 : 09:16:43 AM
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| Sorry Scott out of it today. LOL LTV is 75% |
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getfunding
129 Posts |
Posted - 07/13/2008 : 8:01:38 PM
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Anyone Doing:
Purchase(investment)
Denver, CO
Loan $110K
FICO 677
Full Doc
*currently owns 2 properties, this will be the third
Looking for LTV of 90%. Am I Stuck In 2005?
thx |
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kellamtom
633 Posts |
Posted - 07/13/2008 : 8:05:48 PM
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quote:
Originally posted by getfunding
Anyone Doing:
Purchase(investment)
Denver, CO
Loan $110K
FICO 677
Full Doc
*currently owns 2 properties, this will be the third
Looking for LTV of 90%. Am I Stuck In 2005?
thx
.
i'm doing one with a 687 fico purch investment 90%ltv 80k full doc with homecomings just got approval, i believe you might need a 680 fico for mi at 90% |
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dtabar
768 Posts |
Posted - 07/13/2008 : 8:05:54 PM
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quote:
Originally posted by getfunding
Anyone Doing:
Purchase(investment)
Denver, CO
Loan $110K
FICO 677
Full Doc
*currently owns 2 properties, this will be the third
Looking for LTV of 90%. Am I Stuck In 2005?
thx
You're going to be capped at 80%...no MI company will insure that. |
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