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Loan Scenario: IN, $203,000, 788, 79% LTV, Purchase

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Forums » For Mortgage Professionals » Loan Scenarios » Loan Scenario: IN, $203,000, 788, 79% LTV, Purchase
 

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Latest post Thu, Sep 17 2009 3:07 PM by steve rogers. 1 replies. Viewed 214 times.
Page 1 of 1 (2 items)

  • Mon, Aug 17 2009 11:25 AM                

    |Contact
    Loan Scenario
    View All    Post A Scenario
    Loan State: Indiana
    Loan County: Marion
    Loan Type: Purchase
    Loan Amount: $203,000
    Property Value: $256,000
    LTV: 79%
    FICO: 788
    DTI: ---
    Occupancy Type: Owner-Occupied
    Property Type: Single Family Residence

    We are building a home in Indianapolis,IN and we are looking at alternatives to builder financing.  They have good incentives, but are stingy on the rate compared to other quotes I have seen. 

  • Thu, Sep 17 2009 3:07 PM                 In reply to

    |Contact

    Generally speaking builders try to force you to use "the approved" lender because they have confidence the deal will close. Generally the higher rate is given in order to "pay for" the incentives.

     

    If you want some comparable information email me your specifics and I will try to answer your questions

     

    srogers@bancgroup.org
Page 1 of 1 (2 items) | | Forum Navigator
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