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kmanc41

55 Posts

Posted - 07/16/2008 :  11:07:47 AM
NY
Condo - 8 stories
Investor
purchase
$704,000 loan amount
$880,000 purchase price
80%
790 fico
Anyone? I am currently up against Commerce Bank with a TD product
mtgbeast

53 Posts

Posted - 07/16/2008 :  11:23:25 AM
quote:
Originally posted by kmanc41

NY
Condo - 8 stories
Investor
purchase
$704,000 loan amount
$880,000 purchase price
80%
790 fico
Anyone? I am currently up against Commerce Bank with a TD product




Is it Full Doc? Did you try Wells? They do a lot of NYC condos and co-ops
kmanc41

55 Posts

Posted - 07/16/2008 :  11:33:33 AM
60% max. That is the best I have found or even heard of before today.
mtgbeast

53 Posts

Posted - 07/16/2008 :  12:26:07 PM
quote:
Originally posted by kmanc41

60% max. That is the best I have found or even heard of before today.



How about under an Agency Jumbo at Citi? They do investor on the agency jumbo.

Again- it would have to be full doc
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