Who can do this loan?

Deal Score0

Attn: Mortgage Lenders, Loan Underwriters, Loan Originators, Mortgage Brokers, Mortgage Bankers.

Who can do this loan??????
90% LTV
Intrest Only
No Prepay Penalties
Assets verified but not income
Purchase Price 375,000
Appraisal 410,000
One Employer Fulltime for 7+ Years
At Current Residence for 7+ Years
Current home owned Free and Clear
New Purchase is primary residence single family detached New Construction
800 FICO
first 2 trade lines 24+months
3rd trade line 18 months

Serious replies please.
-Location New Jersey USA
-Current property currently not listed but will be soon and proceeds will be used to pay off major portion of mortgage
-New Purchase is planned long term residence
-Looking for best solution to transiton to new property
-Income does not meet debt rations when Institutions view both properties as comodities not assets.

  1. Reply
    May 3, 2011 at 7:50 am

    what state? Some states (including my own) require brokers to have a license in that state.

    Edit: You can try Envision lending. They do have several offices nationwide and have registered officers in most states with over 600 mortgage brokers and several hundred lenders nationwide. You can email me for contact information. I am not sure if I can put their company info on a post.

  2. Reply
    May 3, 2011 at 8:34 am

    Why don’t you just go thru the regular channels of getting a home loan?????

  3. Reply
    May 3, 2011 at 8:47 am

    6 Points?

  4. Reply
    May 3, 2011 at 9:08 am

    Option One has a much better offer!

  5. Reply
    May 3, 2011 at 10:05 am

    what country?

  6. Reply
    Tim H
    May 3, 2011 at 10:59 am

    Crevecor Im sure would be delighted.

  7. Reply
    May 3, 2011 at 11:18 am

    How are you this evening? Mt name I Sean Zamorano with usa funding. lets see…stated verified 800 fico 100%ltv, 0 down, looking at a 8.25% 5/35 at the most. if you want to contact me my email is minesbay@yahoo. email me the scenario and the state and ill send you a prequal letter on monday. or tue.
    thanks, Sean ps-we could also refi the 1st home at 50000.00 and use that money as a down payment. that would greatly reduce the rate.

  8. Reply
    Frank - Wachovia Banker
    May 3, 2011 at 11:40 am

    Hi Mig the Realtor,

    I actually have two different options for you that are right in line with your request.

    One option is done right at a Wachovia branch and is on “paper” held through the bank (through me) and one through the mortgage arm of the bank (through my mortgage consultant).

    Give me a call at the branch and we’ll get it done.




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