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

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

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Latest post Fri, Oct 9 2009 12:34 AM by RUSTY BRUMFIELD. 2 replies. Viewed 205 times.
Page 1 of 1 (3 items)

  • Thu, Oct 1 2009 3:49 PM                

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    Loan Scenario
    View All    Post A Scenario
    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%.

     

  • Thu, Oct 1 2009 4:13 PM                 In reply to

    |Contact

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

    PREMIUM MEMBER
     Eric J. Leithliter, BMC Mortgage Company
    eric@barronmortgage.net
    415-454-3644 x24
    Visit my mortgage blog at www.bayareamortgageguide.com
    "I work to find the right loan for your dream home"

  • Fri, Oct 9 2009 12:34 AM                 In reply to

    |Contact

    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
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