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Loan Scenario: CA, $900,000, 740, 64% LTV, Purchase

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Forums » For Mortgage Professionals » Loan Scenarios » Loan Scenario: CA, $900,000, 740, 64% LTV, Purchase
 

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Latest post Fri, Sep 4 2009 6:02 PM by LJon Williams. 5 replies. Viewed 734 times.
Page 1 of 1 (6 items)

  • Sun, Jun 14 2009 11:13 AM                

    |Contact
    Loan Scenario
    View All    Post A Scenario
    Loan State: California
    Loan County: San Diego
    Loan Type: Purchase
    Loan Amount: $900,000
    Property Value: $1,400,000
    LTV: 64%
    FICO: 740
    DTI: 35
    Occupancy Type: Owner-Occupied
    Property Type: Single Family Residence

    need a lender for a $900k financed amount in san Diego county.

    great financials and credit.

    can't go us bank because borrower owns 3 properties in same county.

    borrower wants a adjustable rate 3 or 5 years is fine.

  • Sun, Jun 14 2009 12:20 PM                 In reply to

    |Contact

    Try Broker Capital Funding. www.brokercap.com

    Suntrust has some awesome Jumbo ARMs but they aren't offering them in CA right now. BCF has decent pricing and they are based out of CA.

    Hope this helps!

     

    PREMIUM MEMBER
     Bob Hill
    Sales and Marketing Manager
    CMS Mortgage 888-273-8636
    108 W. Ridgeville Blvd. #201, Mount Airy, MD 21771

  • Tue, Jun 16 2009 12:20 PM                 In reply to

    |Contact

    This is definitely something I can do for your borrower. I'm assuming this will be OO? Go ahead and email me.

  • Tue, Jun 16 2009 8:16 PM                 In reply to

    |Contact

    Hi,

    This looks like a scenario that we might be able to help with.  Some guideline on website see page "residential lending".  Be happy to discuss.

    Bob Hirsch

    AVD Group

  • Tue, Jun 23 2009 12:13 AM                 In reply to

    |Contact

    Sounds like something I should be able to do. Is this O/O? If not O/O would this be the 4th property? Makes a difference. Let me know!

  • Fri, Sep 4 2009 6:02 PM                 In reply to

    |Contact
    Is this done? This is obviously a 2nd home or N/O/O. if it is, please just let me know. If it is O/O, that is fine too. Either way, with 4 properties, I am not assuming O/O. I plan to be doing this for another 10 years, so just be straight. Our stated products for N/O/O should accommodate, or Stated for O/O. Best regards, LJon
Page 1 of 1 (6 items) | | Forum Navigator
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