Looking to Co Broke 1.3 Million Purchase in TX

[SourceoneMortgage]

I have a long time client of mine who is buying a vacation home in TX. The property is a ranch with 144 acres, one main house, guest house, and caretakers house. Client has 720 plus ficos lots of income and assets. Any feedback appreciated.

Duane

[lowamc2]

i can help you with this one. Call me at 239-936-9262 x. 104 to discuss or email me at mnegron@wamc.com


Marvin

[Secret!]

Originally Posted by SourceoneMortgage

I have a long time client of mine who is buying a vacation home in TX. The property is a ranch with 144 acres, one main house, guest house, and caretakers house. Client has 720 plus ficos lots of income and assets. Any feedback appreciated.

Duane

I guess you're not licensed in Texas, right? What sort of a split are you offering?

[ravi.inuva]

Did you get this deal closed. If not email me the details and i will see if i can help you out with this

[execdecision]

700+ Credit Score for 100% LTV
550 - 700 Credit Score for 70% to 90% LTV
Loan Amounts between 1 M and 50M
Stated Income/Verified Assets; full doc also avaiable
Appraisal Needs to be current - Underwriting will verify current appraised value
Assets Need to be Current - Typically will look for 2 to 6 months PITI
Bank Statements are OK
Purchase/Refi - Rate/Term/Refi Cash Out




Loan Parameters Include:
3/1, 5/1, 7/1, 10/1 FIXED to ARM; 30 yr. fixed
Interest Rate between 7 and 8 - Credit Score will determine rate
No PPP

To submit need to see 1008, 1003, credit, assets (VOD or Bank Statements) and appraisal (if available


Sincerely,
Georgeann Dawson; Executive Decision
Email: gigi04061983@gmail.com

[rationale]

Just curious, anyone out there offering "bank statement" loans?