| Rural Property
I have a loan with the following characteristics: The loan amount is $407,000 with a LTV of 90%. Credit score is 580 and document type is stated or I could possibly do a bank statement program if I can go 55% DTI. The property is rural and most lenders cut back the LTV 5-10%. I need the full 90%. Are there any lenders that will not cut back this LTV. I have 3 comps all within 5 miles; similar square footage, and design. Please advise. I would like to close this loan as soon as possible. Loan is ready to submit. Everything is in.
Thank you.
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