Posted on: 27th Feb, 2008 01:14 pm
I have a borrower with 654 FICO, Owns businesses, and wants to REFI his own home yet the property is in mixed-property area and most lenders wont approve. Loan Amt= 240K/APV=278K. LTV=47 Ratio=49
Hi sirod,
I think you should contact with the community lenders directly at http://www.mortgagefit.com/unitedstates/
Hope someone will surely help you.
Best of luck,
Larry
I think you should contact with the community lenders directly at http://www.mortgagefit.com/unitedstates/
Hope someone will surely help you.
Best of luck,
Larry
Sirod,
"the property is in mixed-property area"
What exactly do you mean here?
Your FICO score isn't too bad but it isn't that good either. So, being a self-employed person you can go for stated income loans. Know more about such loans at http://www.mortgagefit.com/discuss/about2277.html#statedincome .
"the property is in mixed-property area"
What exactly do you mean here?
Your FICO score isn't too bad but it isn't that good either. So, being a self-employed person you can go for stated income loans. Know more about such loans at http://www.mortgagefit.com/discuss/about2277.html#statedincome .
Yeah, if the property has been re-zoned from residential since he bought it, he will need to get advice from the Title Company. It is possible that the issue can be resolved for the purpose of the financing; otherwise, the property (and possibly the surrounding parcels) may need to be re-zoned....ouch!
