Need 90% on $525k in Texas

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Icon Mini Profile matthewfranek




Joined: 03 Jun 2009

Posts: 1

1.31 Dollars($)
PostPosted: Wed Jun 03, 2009 5:09 pm    Post subject: Need 90% on $525k in Texas

Self employed here. Have plenty of "business profit". Cannot prove enough "take home". 650^ scores. Low debt/income.
Have 3 + months reserves.
Icon Mini Profile eric1

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Joined: 04 Jan 2009

Posts: 1172

175.82 Dollars($)
PostPosted: Wed Jun 03, 2009 5:54 pm    Post subject:

Matthew,

It is hard enough finding a stated income product with a 90% LTV. Add in scores under 700 plus only 3 months reserves and you are asking for something that is nearly impossible.

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Icon Mini Profile smckaybiz
s.mckaybiz
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Joined: 24 Apr 2008

Posts: 193
Location: PA
10.07 Dollars($)
PostPosted: Wed Jun 03, 2009 6:34 pm    Post subject:

How about using some sort of business line of credit to come up with most of the costs and try to take a personal mortgage out for the rest...

Does your business have good credit and been established for a long time now?

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Scott McKay
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Icon Mini Profile robertsmith2005




Joined: 22 May 2009

Posts: 338

-0.33 Dollars($)
PostPosted: Thu Jun 04, 2009 8:32 am    Post subject:

share more info. right now it seems impossible
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