This is my clients info, I have submited him to over 100 diffrent banks and no one will take him, because there is not another 2 bedrom home of this size and price, for over 80 miles to do a comp on. :

700 + credit score
LTV - Wants MAX cash out
Value - $2,275,000 (square feet - 7,959)(2 bedrooms, 3 full bathrooms/3 half)
Currently owes:
1st Mortgage - $1,500,000
2nd Mortgage - $220,000
Total - $1,720,000
currently has a 5-6% interest rate on 1st and a 4% on 2nd
The program on the 1st is a 5/1 Arm
The 2nd mortgage is Interest Only

Borrower is very interested in getting an Option Arm Mortgage, but think he would take a 5/1 or 3/1 arm again depending on the interest rate.

Please, does anyone have any ideas for me????????

It would be helpful to give the town and state of the current property.

Lake city, fl is the location of the property. hope it helps

...will you give me a ring I would like to get the copy of your 1003 and credit report I am sure you have or can get copies. I think my invester may want to do this one. Or send your contact info and I'll call you!

How can I contact you?

Please contact me at <look at signature> I really need to find a bank for this guy, HELP< help, help!!!

magneto

give me the file like we said. <contact information in signature>

If you want to put two birds in the bush then send me a duplicate of the file and I will work on it until we find a deal. I am lic. in FL also! Ok?

I alreaday have an investor that wants to take a look at it -contact me ASAP and I'll get you an answer after the weekend!

What state is your client in? Have you tried sending this to a portfolio lender or broker?

Never mind - didnt see the other posts

But if it's still out there - try monsterloans.net
And they work with brokers only