Loan Officer Gustan Cho
Loan OfficerForum Replies Created
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James, anything over a 4 unit you need 15% down payment and is considered multifamily commercial properties. You can buy a four unit multifamily home with a VA LOAN with 100% financing. FHA loans require 3 5% down payment and conventional loans require a 5% down payment.
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Cameron, James Hayes is a veteran. He is eligible to buy a four unit multifamily home with 100% financing.
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Thanks Cameron
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Ronda
Go over this case scenario with Christian Sorenson of EPM
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The spec builder developer ground up new construction loan is a great popular acquisition and construction loan program for small home builders who have built several homes in a small scale and want to become a developer. The builder/borrower needs to come up 30% of the land purchase for the down payment. Lending Network, LLC likes to see the builder to have the 30% skin in the game throughout the construction process until completion. Once we have done one or two projects with the builder/developer, we can lighten the restriction. In most cases, the ground up new construction spec home loans are one year term and can be renewed every year.
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Cameron, the man. Can you please tell us more about your second mortgage non-QM loan programs. Types of second mortgage, rates, credit scores, LTV, and debt-to-income ratio.
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No extenuating circumstances exceptions? Guy had a stroke
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Can you do bank statement loans for 120 day late due to the client having a stroke and error by Selene servicer.
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4 unit Cash-Out Refinance 60% LTV
730 FICO. CHAPTER 11 bankruptcy discharged 4 months ago. Can you do this. Non-qm bank statement loans
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