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Loan Scenario: CA, $544,000, 720, 80% LTV, Purchase

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Forums » For Mortgage Professionals » Loan Scenarios » Loan Scenario: CA, $544,000, 720, 80% LTV, Purchase
 

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Latest post Fri, Dec 4 2009 6:05 PM by Kristina Milano. 1 replies. Viewed 296 times.
Page 1 of 1 (2 items)

  • Wed, Nov 18 2009 6:44 PM                

    |Contact
    Loan Scenario
    View All    Post A Scenario
    Loan State: California
    Loan County: San Mateo
    Loan Type: Purchase
    Loan Amount: $544,000
    Property Value: $680,000
    LTV: 80%
    FICO: 720
    DTI: 40
    Occupancy Type: Owner-Occupied
    Property Type: Single Family Residence

    Borrower wants to buy and move into a house that she currently rents. Right now she has an elderly care facility in the subject and leases the house, but lives in her condo. Wants to buy and move in to the house and make it her primary residence. This will let her generate more income and provide more quality services. She also has W2 job. Right now she has 4-5 clients living in the subject. I can't verify that she is eligible for conventional financing with up to 5 tenants (please help) Any financing option will be appreciated. The borrower wants to stop renting and start paying mortgage.

    Thank you

    Natallia

    650.455.1356

    natallia@apfi-ca.com
    Filed under: ,
Page 1 of 1 (2 items) | | Forum Navigator
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