Self-employed borrower that has been in 2 different lines of work past 2 yrs?

diesel350z · #1 (**permalink**) 02-27-2007, 02:57 PM

Any lenders out there that will do a self-employed borrower who has been in 2 different lines of work that past 2 yrs?

78% LTV
Full Doc
OO
LN-$392,000
592 FICO

Please contact me at tito@precisionmortgageservices.net

Thanks.

diesel350z · #2 (**permalink**) 02-27-2007, 02:58 PM

Oh and this is a Rate and Term

CLOSER · #3 (**permalink**) 03-01-2007, 10:38 AM

Have you received any word on this one yet? I may have a suggestion. Give me a call: 866.477.4114 ask for Santana

Greg · #4 (**permalink**) 03-03-2007, 08:09 AM

How long in the most recent line? If 1 yr try First Franklin

IndyRep · #5 (**permalink**) 03-03-2007, 10:35 PM

Indymac offers 6 months bank statements personal (100% of deposits) or business (50% of deposits) and you only list 1 yr. employment history on the 1003. This program is for self-employed borrowers and for w2'd borrowers. So, if your borrower has been self-employed for 1 yr. you are good to go, or if by chance you have a mom who just re-entered the workforce and can show 6 months bank statements, or let's say a pilot who decided to become a taxi driver in the last year and can document the income with 6 months bank statements. If you are in FL, and if you don't already have an Indy rep, and if you are closing at least $2.5 mil per month, please contact me and let me hook you up, if not, and if you are interested in doing business with Indymac please contact Indymac and ask for a telesales rep.
Good luck in your search on placing this borrower.
Peace.