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craigppls

683 Posts

Posted - 07/11/2008 :  10:52:37 AM
I have a client that needs a SIVA on an investment property purchase. He is going to make offers on properties in the 150-200K range. sfr properties only.

Loan Amount 125,000-175,000
FICO Scores 756, 761, 773
SE for over 10 years
$190,000. in cash

He would like to put as little down as possible. Also, how many properties would you finance. He might like to do a few(ie 2-3).

Thanks...
craigppls

683 Posts

Posted - 07/11/2008 :  11:11:07 AM
bump
subprime

3606 Posts

Posted - 07/11/2008 :  11:36:00 AM
Craig

Try Wachovia, HSBC, flagstar or Citi
rortega

952 Posts

Posted - 07/11/2008 :  12:52:25 PM
You are probably going to run into problems everywhere due to the fact you are going SIVA on a N/O/O where the max is 4 properties including the primary residence. This guideline is putting a damper into investors buying mulitiple properties.
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