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
Do you have any experience with NACA (Neighborhood Assistance Corporation of America) loan modification expos? 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? 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?” How does owner financing work when using a note? Does the seller sell the note to get money up front? Is there a negative for the buyer if the note is sold? How does new Emergency Homeowner Loan Program (EHLP) work?