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Go Back   Mortgage Forums for Mortgage Brokers > Mortgage Business > Loan Scenarios and General Mortgage Talk

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Old 03-20-2007, 11:07 AM
CLOSER CLOSER is offline
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Join Date: Jan 2006
Location: Sacramento, CA
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Manufactured Property

Okay, here's the scoop:

manufactured CA property
65% LTV
$215k L/A
665 mid FICO
STATED w/ assets

I know that most lenders that still lend money on manufactured properties only allow for FULL DOC submissions. The problem with this borrower is that he gets half his income paid under-the-table...

I have tried the following lenders with NO SUCCESS:
US Bank
Liberty American
Bankers Express
NationStar

I would appreciate the contact information for any lender that may be able to do this loan. I have a FULL package ready for submission.

Regards,
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Old 03-24-2007, 07:15 PM
epifania epifania is offline
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Join Date: Jun 2006
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Manufactured Home

What you are saying is accurate.

Permit me to run the scenario by my underwriting department and see how it materializes.

Contact Chester at specialwerx@yahoo.com
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