Posted by Essadi Financial, LLC on October 07, 2003 at 12:03:40:
Hi Wendy,
This is a hard one depending on geographical location, DTI and actual credit score. If the credit score is below 620 then your chance of obtaining 95% LTV is slim. Given the current market, I have been seeing some lenders advertise 95% LTV products for investors. Do a general search in Google and you should get a return of no less than 4.
Investment Question - Posted by wendy53
Posted by wendy53 on October 03, 2003 at 09:33:18:
What is the best solution if your credit score isn’t great, you want to investment, need 95% LTV - what would be a good source for obtaining financing on 2-4 family with positive cash flow?
Re: Investment Question - Posted by Eric
Posted by Eric on October 08, 2003 at 17:21:13:
If you are willing to move there for a little bit it shouldn’t be too hard to get financing. There are a lot of lenders that will finance 1-4 units at 95%, even with less then stellar credit, provided that it is an owner occupied situation. If you are buying it as non-owner occupied you are going to be hard pressed to find someone to lend at that high an LTV. Even with great credit there are only a few lenders that will go that high on a non-owner occupied.