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Reload this Page SIVA in MN for NOO
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Old 08-02-2007, 11:54 AM
brokerintheskye brokerintheskye is offline
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SIVA in MN for NOO
What lenders are still doing SIVA in MN for NOO???

***With the changing laws many investors are deciding not to do stated transactions in MN, who out there still allows stated on NOO in MN??? Just a general question.
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Old 08-03-2007, 02:26 PM
Gordon Lending Gordon Lending is offline
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You may want to check the State guidelines, It can be interpreted differently but MN just enacted the "NO STATED" law for all loans. You cannot do a true stated loan in MN if it was OO, 700 score, 30%DTI, at 70% LTV. Sorry
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Old 08-06-2007, 12:20 PM
brokerintheskye brokerintheskye is offline
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That is exactly why the question is being asked...Some investors are still doing stated. THANKS
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