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Markrosenberg@fairmontfunding.com917 826 0348 by moro February 14, 2005 Try Peoples Choice by richealdarlene February 14, 2005 Send me a email. I will respond back with our guidelines. Thank you,Troy GreenHarbourton Mortgage Investment Corporation1300 North Dutton Street, Suite ASanta Rosa, CA 95401877-393-7773 x342 - voice877-393-7770 - faxMailTo:Troy@hmic.comhttp: www.hmic.com by troy_green February 14, 2005 Reply to this thread: User name: Password: No password? Register here. Enter your message here, then click Submit: Please avoid offensive language. Use words you would not be ashamed to use in front of your grandmother. Try not to be a nuisance to others. Also, remember, advertisements are not appropriate for the Grapevine. Click here for advertising information. For technical support, e-mail Georgiana Lee, georgiana.lee@sourcemedia.com For reprints, call Charlton Sanabria at 212-803-8377. Privacy Policy © 2007 Broker magazine and SourceMedia, Inc. All rights reserved. Use,
non warrantable condo loans 50 rate on investment pur price $50000 - loan amt $45000DTI a little under 40%Stated Income Stated AssetsThe other lender just denied after the HOA interview due to 75% non owner occupancy (91 of 120 units are - or will be rentals)The units are established and there is no continued construction.ANY IDEAS??????????? by realtyloanpro July 20 non warrantable condo loans, 2007 1st mortgage home equity line of credit they don´t check at some of the banks like KEY BANK does not care.ALSO WAMU & FIRST MAGNUS have non-warrantable condo loans. THey do a CONDO questionare non warrantable condo loans, but they are only checking to make sure the place is not a condotel etc... by janebailey July 20 non warrantable condo loans, 2007 Reply to this thread: User name: Password: No password? Register here. Enter your message here non warrantable condo loans, then click Submit: Please avoid offensive language. Use words you would not be ashamed to use in front of your grandmother. Try not to be a nuisance to others. Also non warrantable condo loans, remember non warrantable condo loans, advertisements are not appropriate for the Grapevine. Click here for advertis non warrantable condo loans.
non warrantable condo loans Roker 2277 Posts Posted - 02 07 2006 : 7:06:45 PM So Chris non warrantable condo loans, you cannot do No Doc on non-warrantable? Promise Land 734 Posts Posted - 02 08 2006 : 12:20:22 AM quote:Originally posted by CAM2Have about 40 investors looking for OPTION ARMS for a Non warrantable condo conversion in NC. Non warrantbale as a result of high NOO% (80%+) All well qualified and experienced investors.CAM2You'll have a tough time finding a lender for non-warrantable condos with that high of an investor ratio. They normally would allow no more than 20%-30% investor occupied. PinnaclePeters 297 Posts Posted - 03 20 2006 : 12:02:42 PM quote:Originally posted by azbrokerSo Chris non warrantable condo loans, you cannot do No Doc on non-warrantable?Can do "No-Doc" too non warrantable condo loans, but criteria changes to 30% O O (70% Investor Concentration) for our non-standard classification. Previous Topic Next Topic Recent Loan Officer Chat © Copyright 2006 non warrantable condo loans, 2007 - Broker Outpost LLC. All Rights Reserved. This page was generated in 0.53 seconds. Mortgage Brokers Mortga.
non warrantable condo loans Member Rated: posted 12-31-2005 12:08 PM Any ideas for a lender who will do a 560 score non warrantable condo loans, full doc non warrantable condo loans, 90% LTV with a 6% seller concession? Thanks.--------------------www.southwestmortgageadvisors.net Posts: 228 From: Arizona Registered: Sep 2005 Chris R Member Member 3052 Rate Member posted 01-13-2006 03:33 PM can do this scenario except for the 6% seller concession. maybe a higher LTV???--------------------Chris RopachWholesale Account ExecutiveCoreStar Financial Group443.921.1320 Posts: 5 From: Maryland Registered: Jan 2006 Contract Processor Member Member 3067 Rate Member posted 01-19-2006 08:31 PM Check Long Beach non warrantable condo loans, expanded their underwriting guidelines are a lil bit strict but if you have a good processor it should be fine Posts: 7 From: Florida Registered: Jan 2006 Quick Reply Message: HTML is not enabled. UBB Code™ is enabled. Instant Graemlins Printer-friendly view of this topic Hop To: Select a Forum: Category: Round Tables - Webcast -------------------- Fraud Roundtable Roundta.
non warrantable condo loans 
non warrantable condo loans | | | | | |
non warrantable condo loans
Ch unit that you want to finance. In the past, these may have been some of the roadblocks that you encountered in getting your loan done. However, now you have another option. Non-warrantable condo financing gives you the added flexibility in working with your condo buyers. If you have a solid project but it does not meet the standard criteria, it may be classified as a non-warrantable condo, which means you can bypass the two largest housing Government Sponsored Entities (GSEs), Fannie Mae and Freddie Mac, while still getting a competitive rate. Secondary marketing lenders are willing to take these loans in exchange for a small price premium. Select mortgage lenders provide this type of condo financing to their brokers. Non-warrantable condo financing has no pre-sale requirements. The GSEs typically require that 50 to 70 percent of the units are pre-sold before they will approve the financing. They want to ensure that the property is marketable and that the price per unit does not plu
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