Posted by Shambhu Nath on September 23, 2003 at 09:39:21:
Desk top underwriting is used only for A paper, have you tried sub-prime lenders? Also, one of you and your spouse has higher score, you may just want to use one borrower with stated income. Assuming, loan officer has tried all the permutation and combination, then you can try the cash flow section of this CRE and put a note stating your fico, debt ratio and CLTV for note and seee what kind of yield investor will need on such note. Also, make sure the first lender is okay with the second terms.