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Simo HELOC to 80%?

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Forums » For Mortgage Professionals » General Mortgage Discussion » Simo HELOC to 80%?
 

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Latest post Mon, Sep 21 2009 5:10 PM by Mike Melbostad. 2 replies. Viewed 207 times.
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  • Mon, Sep 14 2009 1:38 PM                

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    Anyone know of an Bank/CU/Lender in CA that will do a simo HELOC on a purchase to 80%?

    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"

  • Mon, Sep 14 2009 1:47 PM                 In reply to

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    Try US Bank : usbank.com/brokerloans

    PREMIUM MEMBER
     Going the extra mile is my normal route, even with today's gas prices.
    Kent Mikkola, Mortgage Consultant, M & M Mortgage, LLC, 1700 W Hwy 36, Ste 130, Roseville, MN 55113, Direct 651-558-9807, kmikkola@themmmortgage.com

  • Mon, Sep 21 2009 5:10 PM                 In reply to

    |Contact

    I believe Retail can touch it but the broker side is caped at 75%.  US Bank Non-Conforming will only do fixed on purchases these days.  Wells Fargo can go to 80% on an exception basic with a ton of assets to back up the 2nd. 

    I hope this helps some.

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