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 Search for: Condo-Non Warrantable 75% ltv or 70.
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mcobra99

3 Posts

Posted - 08/05/2008 :  08:32:50 AM
Can anyone please help

Florida High rise condo (Dade county)
90% under contract
65%+ O/O or 2nd Home
Borrower FICO 711
25% down
Full Doc or Stated
Loan Amount 300K
Primary Home

Reason for non-warrantable: No working capital account set up and no reserves set up....why would builder not do those is beyond me.

Already have a couple of lenders that would do 75% but need at least 50% of the units to close, new building whit my client being one fo the first units to close.
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