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I need a cash out refinance (1st) investment property Ohio

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sajjushah Joined: 11 Jan 2010 Posts: 2 1.48 Dollars($)	Posted: Mon Jan 11, 2010 2:11 pm    Post subject: I need a cash out refinance (1st) investment property Ohio Like 0 Dislike 0 Hello there, I am a real estate investor, owning many properties free and clear. I have 0 mortgages currently. I need a 1st mortgage (cash out refinance) in Cleveland, OH I need 6 months seasoning, to go off of appraised value. Property value is $105,000. I can go 70% LTV if needed. Need as much as as possible. Credit score is either 660 or 680. Full documentation, DTI is probably 15%. [Personal details deleted as per forum rules. Thanks]
Niicss Joined: 03 Oct 2005 Posts: 4834 Location: New Jersey 508.88 Dollars($)	Posted: Tue Jan 12, 2010 2:29 am    Post subject: Like 0 Dislike 0 With a credit score of 660-680, you will be able to get a FHA loan. Did you apply for a loan with your local lenders? If not, then you should speak to them in order to check out whether or not you would qualify for a loan. Apart from your credit score, the lender will also look into your income before giving you a loan. Also, you shouldn't have too much of negative items in your credit report while applying for a loan. You can also seek a no obligation free mortgage consultation with the lenders of this community in order to check out if you qualify for a loan. _________________ Good is the Enemy of Great.
sajjushah Joined: 11 Jan 2010 Posts: 2 1.48 Dollars($)	Posted: Tue Jan 12, 2010 9:02 am    Post subject: Like 0 Dislike 0 Really? an FHA loan on an investment property? Are you sure that is correct? I didn't think FHA was allowable on investment property.
riseabove Joined: 09 Nov 2009 Posts: 277 11.01 Dollars($)	Posted: Tue Jan 12, 2010 7:28 pm    Post subject: Like 0 Dislike 0 sajjushah, You can get a refi quote instantly online if you like. It'll give you a good starting ground and let you see what your options are quickly and easily. you can also try different lenders and compare them. _________________ Instant mortgage quotes available online Low rate mortgage refinance Latest Florida mortgage rates

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