Purchase a SFR 1.6 mil with little down.. - Posted by Bill

Posted by Lee on July 16, 2003 at 21:40:49:

What area are you in? I am a broker in Missouri and can speak about programs here. You may want to call a local broker since they have numerous programs at their disposal. If your middle FICO score is over 700 they may have a no income verification program that can go up to 95% LTV and that way you wouldn’t have to worry about being over a 50% debt ratio. I know we have a program like this but I can’t speak for other areas of the country. Email me with questions.


Purchase a SFR 1.6 mil with little down… - Posted by Bill

Posted by Bill on July 16, 2003 at 18:29:46:

Anybody have any ideas on how to purchase a single family residence that I intend to live in for as little as 5 percent down. Here’s my info.
Asking price is 1.6 million
My credit score is slightly over 700
I have 100k liquid cash
Here’s the negative, income to debt ratio near 50%. This is according to my last two years tax returns.

Does anyone have any suggestions on how I can purchase this home?