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jwelch001
66 Posts |
 Posted - 03/17/2010 : 6:01:21 PM
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Not sure if anyone out there is interested, but I can do no closing cost HELOCS in almost every state up to 90% CLTV on primary and second homes. Rates are pretty good as long as the credit is above average.
I can't compensate you for the line, but it may help you to get your deal to work.
email me if you have any questions.
Jeff Welch
Senior Lending Consultant
U.S. Bank Home Mortgage
101 North First Ave.
Suite 1500
Phoenix, AZ 85003
480-270-4808 Phone
480-553-8063 Fax
jeffrey.welch1@usbank.com
http://mtg.usbank.com/jeffrey_welch
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AndrewSoss
1276 Posts |
Posted - 03/17/2010 : 8:30:45 PM
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Can you close concurrently behind my first?
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jfrederick
1123 Posts |
Posted - 03/17/2010 : 9:18:30 PM
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I second Andrew's ? - If you can do a SIMO, I think you will have a ton of business ( i know i have about 5 for you immediately) - I don't want a dime!
Are you Consumer Finance Div.? or straight up retail? |
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windyctymktg
780 Posts |
Posted - 03/17/2010 : 9:49:46 PM
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| Got two deals right now if you can do this simo behind my new first. |
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jwelch001
66 Posts |
Posted - 03/17/2010 : 10:11:06 PM
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| Yes. Call me in the morning. |
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emoney
1287 Posts |
Posted - 03/18/2010 : 12:18:19 AM
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quote:
Originally posted by jwelch001
Not sure if anyone out there is interested, but I can do no closing cost HELOCS in almost every state up to 90% CLTV on primary and second homes. Rates are pretty good as long as the credit is above average.
I can't compensate you for the line, but it may help you to get your deal to work.
email me if you have any questions.
Jeff Welch
Senior Lending Consultant
U.S. Bank Home Mortgage
101 North First Ave.
Suite 1500
Phoenix, AZ 85003
480-270-4808 Phone
480-553-8063 Fax
jeffrey.welch1@usbank.com
http://mtg.usbank.com/jeffrey_welch
That's great.
Can you do a SIVA HELOC for O/O S/E?
eMail: euro-am-gjg@msn.com
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nutesch
826 Posts |
Posted - 03/18/2010 : 08:38:26 AM
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| Can you do purchase money 2nds on this program up to 90% CLTV? |
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AndrewSoss
1276 Posts |
Posted - 03/18/2010 : 11:58:39 AM
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Jeff,
How does the appraisal work? Will you use our (HVCC) appraisal which would be in the name of the first lender? |
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jwelch001
66 Posts |
Posted - 03/18/2010 : 12:03:53 PM
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Can go to 90% everywhere but AZ CA MI FL (85%max) NV is 75% max.
We use our own valuation. |
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jwelch001
66 Posts |
Posted - 03/23/2010 : 3:38:26 PM
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| I was given an old memo with regards to simultaneous closings. We can do them if we do the first. We can do them immediately after someone has purchased or refinance in most cases with no seasoning. If someone needs to put down 30% on a $500000, I may be able to cash them out immediately after their purchase transactions. |
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jwelch001
66 Posts |
Posted - 03/30/2010 : 8:16:29 PM
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| To clarify, all states 90% cltv except AZ,CA,FL,MI - 85% NV - 75%. |
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jwelch001
66 Posts |
Posted - 04/08/2010 : 8:45:27 PM
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| FYI - Scenerio that I had close last week. Loan officer had a borrower that bought a home for 1.1 mil. put down 40% ($440,000). After closing, they wanted to cash back some of the down payment. Gave them a HELOC for $275,000 with no fees at prime + 2.5%. This might be a situation that can help someone that wanted to put down a smaller down payment but can't. 18 days from application to close. |
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the_mortgage_guy
3209 Posts |
Posted - 04/08/2010 : 9:58:26 PM
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| noted, thanks! |
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