LoanUniverse Community > 4 unit NOO-100%

eldorado

May 30 2005, 03:10 AM

Here's my senario.
I wish to buy a couple of 4 Plexes
I have a FICO of 713
My trade lines are less than a year
I need to go SISA
I have 6 months of reserves
Is there a 100% LVT loan out there for me?
or am I stuck at 10% down?

sideburnz

Jun 1 2005, 02:35 PM

There is a 95% option out there if your middle is over 680. 720 will get you 100%

eldorado

Jun 2 2005, 02:42 AM

Yes !!
My FICO is 781
I found 100% SISA
It's a 70 / 30-6% / 10.75%
3yr soft pre-pay
1 pnt back end-2 pnts up front under 100K
Interest-only on the first
30 yr amort
But its a 5 yr locked ARM-I was hoping for a 10 yr rate lock-just in case.
Any better out there? before I commit

Al Rodenburg

Jun 29 2005, 11:44 PM

We offer 100% STATED/STATED investment property financing.

QUOTE(eldorado @ May 30 2005, 03:10 AM)

Here's my senario.
I wish to buy a couple of 4 Plexes
I have a FICO of 713
My trade lines are less than a year
I need to go SISA
I have 6 months of reserves
Is there a 100% LVT loan out there for me?
or am I stuck at 10% down?

diversifiedmortgage

Aug 2 2005, 06:25 PM

QUOTE(eldorado @ May 30 2005, 01:10 AM)

Here's my senario.
I wish to buy a couple of 4 Plexes
I have a FICO of 713
My trade lines are less than a year
I need to go SISA
I have 6 months of reserves
Is there a 100% LVT loan out there for me?
or am I stuck at 10% down?

I have a 100% program that runs stated/stated it starts @ 7.875% and a stated income only @ 7.375%. In what state is the property located? Let me know if I can help.

alex

Jul 29 2006, 05:56 PM

QUOTE(eldorado @ Jun 2 2005, 02:42 AM)

Yes !!
My FICO is 781
I found 100% SISA
It's a 70 / 30-6% / 10.75%
3yr soft pre-pay
1 pnt back end-2 pnts up front under 100K
Interest-only on the first
30 yr amort
But its a 5 yr locked ARM-I was hoping for a 10 yr rate lock-just in case.
Any better out there? before I commit

Can you please let me know of this. I am interested