Posted by zach on March 20, 2006 at 16:54:02:
It can’t happen but now you want the lender. They are not well known, few people know of them and id like to keep it that way.
NOO in Connecticut - Posted by Keith
Posted by Keith on March 20, 2006 at 08:17:03:
What kinds of programs are available for 2-4 family NOO properties in Connecticut? Any lenders on the board with good NOO/Investor financing? Can you tell me about the requirements, like docs, reserves, etc…? I realize rates will vary.
Re: NOO in Connecticut - Posted by Patrick
Posted by Patrick on March 20, 2006 at 16:29:42:
Zach this is NOO property you arent getting 100% at 620. It isnt happening. Depending on the FICO KEith I can get you up too 100%. The rates are much better if we do between 80-95% financing. Shoot me an email if you would like to discuss this further.
Patrick
MoneyLenderP@aol.com
Re: NOO in Connecticut - Posted by zach
Posted by zach on March 20, 2006 at 16:19:11:
100%Purchase @ 620 full doc and stated @ 660.
Re: NOO in Connecticut - Posted by bellesguy
Posted by bellesguy on March 20, 2006 at 12:01:00:
Should be able to purchase with 10% downpayment and closing costs for 80%-10% finance, Rates will depend upon your midscore FICO. Good fico you can borrow 80% I/O, Interested in a specific , send me an email.
Re: NOO in Connecticut - Posted by Cynthia Brewster
Posted by Cynthia Brewster on March 20, 2006 at 09:40:55:
Keith,
90% loan on 3-4 NOO properties is something that I’ve been doing quite a bit. Duplexes are different again. Lenders tend to go a bit higher with the duplexes. You didn’t mention your credit score or if your employed.
Can you go full doc? the minimum credit score I’ve been working with is 680. If you have any questions or need any help, let me know.
cynthiabrewster4@yahoo.com
Re: NOO in Connecticut - Posted by Ed Garcia
Posted by Ed Garcia on March 20, 2006 at 09:22:37:
Keith,
I think you should have no trouble doing 90% financing or an 90-5-5 meaning 90% financing, 5% down and 5 % seller carry-back.
Ed Garcia
Re: NOO in Connecticut - Posted by zach
Posted by zach on March 20, 2006 at 16:49:52:
that’s 660 stated not 680
Re: NOO in Connecticut - Posted by zach
Posted by zach on March 20, 2006 at 16:46:28:
It is absolutely happening! I saw that it’s Non-owner Patrick. This lender is owned by a wallstreet company and they do investor loans you will not find anywhere. Ill repeat it again 100% 620 full doc, 100% 680 stated 2-4unit all day long…
Re: NOO in Connecticut - Posted by Patrick
Posted by Patrick on March 20, 2006 at 17:17:51:
Yeah Lehman Brothers had this program your referring to , this is not out there anymore.660 FULL DOC and 680 Stated yeah.
Re: NOO in Connecticut - Posted by Pat
Posted by Pat on March 20, 2006 at 16:48:23:
Well then I apologize. What is the name of the lender. I sell directly off to Wall ST once my loan closes, it must be a very well known lender
?