Loan Scenario-- Can Anyone Do This: Loan State: Virginia - Loan Type: Refinance Rate & Term - Loan Amount: $100,000 - Property Value: $180,000 - LTV: 56% - FICO: 716 - DTI: 26 - Occupancy Type: Non- Owner Occupied - Property Type: Single Family Residence - 4 Investment properties and primary residence- customer wants to R&T all.
I think your best course of action as some others have stated is to seek out a local lender, the Loan can be done,Good luck!
I suggest to ask for a lender referral, also Bank of America has great rates and program, if you need I can refer a lender able to work in Virginia. Good Luck!
You can email me @ AlanFisher31@yahoo.com and I can contact my associates. I will have some paperwork for you to fill out
Best to call a realtor in your area and ask for lender referrals for someone who may be able to help. Good luck !
Who determined the value? The owner? How old is the appraisal?
My name is Zoran and I originate mortgages out of NJersey, and I can do these loans for you, in Virginia. My question to you is whether this client can go Full Doc, i.e. Tax returns last 2 years, current paystubs or P&L if S/Employed. PS-You can call me to 609 598 1954 if you want to discuss in more detail, and for the purpose of me taking an app from the client... Have a nice day! Txs, Zoran
There is a 4 loan limit. This includes loans from all banks.
Thanks Jim Mollica Chase
What are mortgage (origination) points? Loan Scenario- Loan State: CA Loan County: Kern Loan Type: Refinance R&T, Loan Amnt: $206,000, Property Value:$175,000, LTV:118%, FICO:795 ,DTI:43, Occupancy Type: Owner- Occupied, Property Type: Manufactures D/W- Help - Need a lender not a broker, that will finance a manufactured home under the Refi Plus Program? How does new Emergency Homeowner Loan Program (EHLP) work? Do you have any experience with NACA (Neighborhood Assistance Corporation of America) loan modification expos? Loan Modification: Are these programs actually working? Was anybody able to successfully renegotiate their mortgage payment and/or reduce loan amount? Everybody talks about loan modification, but are there any “success stories?”