90 LTV OPTION ARM..One loan? - Posted by Jim

Posted by Rachel on April 17, 2006 at 13:37:00:

Is this wholesale? What is the lowest fico?

90 LTV OPTION ARM…One loan? - Posted by Jim

Posted by Jim on March 01, 2006 at 21:06:43:

Does anybody know who can do a Option arm program one loan at 90ltv one loan, or 80/10 with a heloc or fixed?

l/a 958,500 @90ltv, duplex , cash out,owner occ., stated ver. 8 mos. seasoning, 689 fico, self empl., hard pre pay ok.Value 1,065,000
thanks
Jim

Re: 90 LTV OPTION ARM…One loan? - Posted by Jason Vogler

Posted by Jason Vogler on March 16, 2006 at 23:15:14:

Shouldn’t be a problem…
90%CLTV Option ARM MTA index

Re: 90 LTV OPTION ARM…One loan? - Posted by Cynthia Brewster

Posted by Cynthia Brewster on March 02, 2006 at 09:19:26:

Jim,
As long as the appraisal will come in with that amount and with comparables close by…there shouldn’t be a problem getting 1 loan at 85-90%. What state are you in?
Let me know if you have any questions, I’ll be glad to help.
cynthiabrewster4@yahoo.com

Re: 90 LTV OPTION ARM…One loan? - Posted by Michael Steele

Posted by Michael Steele on March 02, 2006 at 09:03:29:

Jim

On Jumbo pricing this is doable. 80/10 might be the easier fit. Being a duplext might cause some issues but if everything else lines up and no other issues (appraisal being strong) then this looks like a doable deal to me.

Please contact for further details

Michael Steele