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jloans2003
200 Posts |
 Posted - 07/11/2008 : 12:40:19 PM
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| 750 fico, full doc, 1.2m, o/oc, in CA, sfr |
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lukeallison
1409 Posts |
Posted - 07/11/2008 : 12:41:32 PM
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| That's a preety hefty loan. Our two-time close can go to $750,000. I'm not sure if the 1.2 is cost or the actual loan amount. |
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jloans2003
200 Posts |
Posted - 07/11/2008 : 12:43:18 PM
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| total hard and soft costs.....1.2m |
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jloans2003
200 Posts |
Posted - 07/11/2008 : 12:59:07 PM
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what are your rates and draw schedule?? what do u need to start?
quote:
Originally posted by lukeallison
That's a preety hefty loan. Our two-time close can go to $750,000. I'm not sure if the 1.2 is cost or the actual loan amount.
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lukeallison
1409 Posts |
Posted - 07/11/2008 : 1:06:12 PM
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Par with a 740+ credit score is Prime minus 1.5%
Not bad, huh? Anyway - 9 month build term and I believe 7 draws are paid for at closing. |
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dtmwest
125 Posts |
Posted - 07/11/2008 : 1:09:11 PM
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Try Citimortgage. They are killing it @ 6% with 1 back and you have the option to convert to a perm loan after construction is complete! you can also try Security National in Utahquote:
Originally posted by jloans2003
750 fico, full doc, 1.2m, o/oc, in CA, sfr
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mgraham224
1008 Posts |
Posted - 07/11/2008 : 1:13:08 PM
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MandT will do that as well.
I also know Taylor Bean was doing construction, but I don't know if they are still in it.
What would be really amazing is if someone could hook me up with a Spec lender for Vanilla stuff! |
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dtmwest
125 Posts |
Posted - 07/11/2008 : 1:44:25 PM
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CitiMortgage is your Vanilla lender for construction! Security National does construction too but no perm financing after and they dont pay rebate but they can fund in 2 weeks where as Citi take 30-45 days and they ahve a strict approval process for the builderquote:
Originally posted by mgraham224
MandT will do that as well.
I also know Taylor Bean was doing construction, but I don't know if they are still in it.
What would be really amazing is if someone could hook me up with a Spec lender for Vanilla stuff!
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mgraham224
1008 Posts |
Posted - 07/11/2008 : 5:53:37 PM
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| spec? |
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