Mortgage Grapevine

Any portfolio lenders for 90% LTV on a flip

730 fico, 25/12 dti, 10% down, have reserves, only problem is I can't get MI for the 90% and I don't have 20% down.
SFR, CA, OO
by casagrande November 3, 2009 2:30 PM

MORTGAGE-BANKERS-PRO

All 50 states
Jumbo

Construction Loans

550,000 - 5,000,000.00
4% to 6.75% (interest reserve account type available)
LTV up to 75%
10-14 days closing after all conditions are in.

417,000 - 1,000,000
Min fico 680+ LTV - 80-90%
1,000,000 - 2,000,000 - Min Fico 700+ LTV 80%
2,000,000 - 3,000,000 - Min Fico 720+ LTV - 70-80%
3,000,000 + Min Fico 720+ max LTV 65%
0.5 - 4 points all negotiable depends on loan amount and file type.


NEW LOAN PRODUCT:
rates start at 3% I/O fixed.
90-98% ltv
1 mil above
no pre-pay
No Min Fico
7.5 - 12 points only for this product


FL only
680 fico
300,000-7,500,000
80%
full doc with proof of income
300,000-6,500,000 case by case
70%
stated
No 4506t required
3-6 points

International private Investor/Hedge fund/Us Investor Direct
Great products and LTV's/Rates
Residential/Commercial Project
1 mil to 100 Mill+
1-5 points
Send detailed Executive summary

Exception can be done on case by case.

*Pricing/guidelines are subject to change without notice.

arron@mortgagebankerspro.com
by Arron November 4, 2009 12:33 PM

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