tbrisbois
19 Posts |
 Posted - 08/19/2008 : 10:47:22 AM
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I have a 750 borrower in Michigan who needs a purchase for a n/o/o condo. Now, I'm pretty sure this loan would be inelgible for mortgage insurance for two reasons: condo in declining market and investment property in declining market. But then again I don't know all the MI companies guidelines. So my question is, A: does anyone know who can do this loan Conventional; and B: does anyone an ALT A lender who can do this loan?
I'd like to go 85% LTV but can go 80% if needed (which does away with the need for MI, but I know Countrywide is held to 75% on this deal) |
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