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bruce123
8 Posts |
 Posted - 07/10/2008 : 07:52:06 AM
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| Need a SIVA program for a 4 Unit, Second home in Waynesville, NC 28786. Would like 70% LTV, but can go 60%. Home value is $225,000 and the customer needs a loan of at least $135,000. Has a 780 Mid Score. Please email me at bruce@appletree123.com or call 828-456-4433 if you have a program that is even close to this. Thank you. |
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hoangad
2931 Posts |
Posted - 07/10/2008 : 07:59:01 AM
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| try just mortgage |
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hoangad
2931 Posts |
Posted - 07/10/2008 : 08:00:34 AM
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not sure if they do NC, but if they do, you should be good up to 75%
https://www.justmtg.com/PDFData/JM05232008.pdf
What are the rates doing at Just Mortgage today?
(Turn times by department available at the bottom of this email)
Today’s Highlight
Make sure that you run your loans by me BEFORE you submit to eliminate all red flags!
Let’s make sure that we fund all the loans we possibly can!
Just Mortgage’s Rates for today
(ALL PRICING BELOW IS BASED OFF OF 15 DAY PRICING)
Conforming
VOE Only - use the full docs rates
Conforming Jumbo
Check this HUD link to see the loan amount limits by state/county - https://entp.hud.gov/idapp/html/hicostlook.cfm
FHA
Not FHA approved - You can still do FHA loans with Just Mortgage
Ask me how!
Non-Conforming
VOE Only eligible up to $650k
30yr Fixed
6.125 @ (0.000); 6.375 @ (0.875)
30yr Fixed
6.375 @ (0.375); 6.625 @ (1.375)
30yr Fixed
6.125 @ (0.000); 6.375 @ (1.125)
30yr Fixed
7.750 @ (0.125); 8.250 @ (1.125)
15yr Fixed
5.875 @ (0.250); 6.125 @ (1.125)
15yr Fixed ~~~~~ NEW!
5.875 @ (0.250); 6.125 @ (1.000)
15yr Fixed
5.750 @ (0.500); 6.000 @ (1.625)
15yr Fixed
6.875 @ (0.125); 7.250 @ (0.875)
5/1 ARM
5.625 @ (0.125); 6.000 @ (1.000)
(Assuming 720 FICO and 80% LTV)
5/1 ARM ~~~~~ I/O now available!
5.875 @ (0.000); 6.500 @ (1.000)
(Assuming 720 FICO and 80% LTV)
5/1 ARM
5.750 @ (0.000); 6.125 @ (1.000)
5/1 Arm
6.500 @ (0.125); 7.375 @ (1.000)
FHA Jumbo
30yr Fixed =
6.375 @ (0.250); 6.625 @ (1.000)
(Mid-day price changes may occur without notice. Therefore, the rates above can change so please check the rate sheet or price your scenarios out online to see if any price changes have occurred)
To price your scenarios in less than 60 seconds, use the Matrix Calculator in the red “Prequal & Price” section of the website.
Call me for help with any sticky scenarios!
(Make sure you check to see if the property is in a county that needs to adjust 5% for declining market – 5% cut to max LTV’s seen in guidelines)
(Website - www.justmtg.com)
What are the Just Mortgage turn times?
Underwriting - 3-4 Days for a complete file
(Complete file = 1008/1003, copy of your credit, escrow, prelim, appraisal, initial disclosures …… please include income and assets documentation whenever possible )
Conditions - 1-2 Days!
Only upload or email conditions when ALL PTD’s can be satisfied. Emailed conditions need to be emailed to the correct UW team’s email NOT to individual UW’s.
(Conditions uploaded or emailed after noon will be counted as being received the following day)
Docs - 1 Day!
Funding - 1-2 Days if all PTF’s are sent back with docs
(Turn times above can vary slightly due to daily volume changes)
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DougDaft
222 Posts |
Posted - 07/10/2008 : 4:23:48 PM
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| I could look at the 4 unit. The 2nd home might be a stretch. ddaft@cbigroupllc.com |
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