Posted by zach on August 22, 2007 at 11:53:54:
Yes absolutely with a decent fico score… ill send you an email.
Is it possible to do no money down like this? - Posted by Jennifer-NC
Posted by Jennifer-NC on August 22, 2007 at 10:24:47:
If an owner will take a 2nd for the 20% down payment, will a lender loan the 80%, allowing a no money down transaction? Or are they not doing that anymore? I have a seller who is willing to do this, but I don’t have enough cash in reserves to show for the down payment. The house already has a tenant in it, with enough rent to cover both payments.
Re: Is it possible to do no money down like this? - Posted by Max-Va
Posted by Max-Va on August 22, 2007 at 23:43:08:
unless your credit score is 720+ and it is full doc, the lenders are not allowing 100 CLTV if you go stated or no ratio and no doc not a chance