Loan Officer Gustan Cho
Loan OfficerForum Replies Created
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I think you can get an exception on FHA but do you think you can get an exception on VA loan if the wife is not a veteran?
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Cameron
What is the maximum multifamily apartment units you guys do? How much does payment, credit score, rates? Etc
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Cameron what is the maximum debt to income ratio for second mortgage loans
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Ronda, please connect with Ronda Butts who is a dually licensed realtor and loan officer at GCA. I think you two will make a great fit. Ronda’s Email address is ronda@gustancho.com
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Mortgage Solution Financial are very forgiving for veterans who have extenuating circumstances. Contact the rep at Mortgage Solution Financial.
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Great information Cameron. Always appreciate your feedback and advice on the forum.
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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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That is correct. It is called a no-ratio DSCR loan. Rates are higher and loan-to-value is 75% LTV.
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