Posted by James Harris on July 30, 2008 at 17:35:26:
I can help in this situation. Email me with a number to call you.
Investor Non-Warrantable - Posted by Janet
Posted by Janet on July 30, 2008 at 14:27:39:
I have a house in Mississippi that is part of a Condo community. The development is classified as Non-Warrantable.
Investor - Full Doc 740+ scores. They would like 90% LTV. Highest I am getting is 75%.
Re: Investor Non-Warrantable - Posted by Ben Carmona
Posted by Ben Carmona on July 30, 2008 at 19:52:38:
Lenders have really started backing off from non warrantable condos. Best I’ve seen is 85% 1st loan. If seller can hold a note as well then even less down would be required. First mortgage rate at 85% would be a bit higher than normal as there is no PMI on the loan.
Ben Carmona