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Home »  Forums » For Mortgage Professionals » Loan Scenarios » Loan Scenario: TX, $135,000, 760, 68% LTV, Purchase

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Post Statistics: 391 Views, 1 Replies
Latest Post: Sat, Nov 21 2009 1:48 PM by John Cramer
  		• Fri, Nov 20 2009 2:49 PM
    Loan Scenario: TX, $135,000, 760, 68% LTV, Purchase
    Loan Scenario
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    Loan State: Texas
    Loan County: Travis
    Loan Type: Purchase
    Loan Amount: $135,000
    Property Value: $200,000
    LTV: 68%
    FICO: 760
    DTI: 33
    Occupancy Type: Non-Owner Occupied
    Property Type: 2 Unit Duplex

    Does anyone know of an investor who is offering the FNMA multiple property loan?  Borrower has 7 properties financed, this would be her 8th.  I'm already familiar with Flagstar's program.  Any help is appreciated.
    Ed Cortes
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    Ed Cortes
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  • In Reply to This Post
    		 Sat, Nov 21 2009 1:48 PM

    If they can not qualify for their 8th fannie loan your next best bet is to create a note, have the seller finance, hold it for a few months and sell the note to an investor; as appears on the surface to be a great candidate for a note buyer to purchase from you if you set it up correctly.

     
    John Cramer
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    Broker
    Cramer Consulting Group
    cramerconsultinggroup@gmail.com
    (619) 997-4922
    Become a Premium Member »
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