Loan Scenario: CA, $173,000, 750, 68% LTV, Purchase

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Home » Forums » For Mortgage Professionals » Loan Scenarios » Loan Scenario: CA, $173,000, 750, 68% LTV, Purchase

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Post Statistics: 516 Views, 2 Replies
Latest Post: Fri, Oct 9 2009 12:34 AM by RUSTY BRUMFIELD

Thu, Oct 1 2009 3:49 PM

JRinBoise
(John Robson)

Loan Scenario: CA, $173,000, 750, 68% LTV, Purchase

Loan Scenario

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Loan State: California
Loan County: San Diego
Loan Type: Purchase
Loan Amount: $173,000
Property Value: $255,000
LTV: 68%
FICO: 750
DTI: 37
Occupancy Type: Non-Owner Occupied
Property Type: Single Family Residence

Is there a wholesale lender that can finance more than 5 properties on a noo basis. Borrower is trying to purchase 5th rental. currently has 5 total properties (4 rentals + primary) 68% LTV can go to 65%.

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JRinBoise

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In Reply to This Post

Thu, Oct 1 2009 4:13 PM

eric338
(Eric Leithliter)

FirstCal will do it on their Fannie Mae Direct Program. There are some added LLPA's, but it is possible.

Eric Leithliter

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Residential Financing

California Mortgage Advisors, Inc

ericl@calmtg.com

ericl@calmtg.com

(415) 215-4624

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In Reply to This Post

Fri, Oct 9 2009 12:34 AM

RUSTYB
(RUSTY BRUMFIELD)

STEARNS LENDING DOES. JUST LAUNCHED STEARNS PORTFOLIO PROGRAM YESTERDAY 10/7. WE SELL DIRECT TO FANNIE ON PRODUCT WITH NO OVERLAYS AND KEEP THE SERVICING.

5-10 PROPERTIES OK, ALSO ALL FLIP PROPERTIES ON PRODUCT AS WELL.

RUSTY BRUMFIELD, AE SACRAMENTO AREA

RBRUMFIELD@STEARNS.COM

WWW.STEARNSWHOLESALE.COM

RUSTY BRUMFIELD

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RUSTY BRUMFIELD

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