Newbie

[reese]

Hello everyone. My name is Reese, I am an LO in Ca.
I have been in the business about 2 years now. I am a converted Real Estate agent. I prefer the world of lending to real estate.
Hate to ask for help on my first post, but here it goes.
I need to find a lot loan for someone with less than a 650 fica.
80 to 90% ltv. Full doc.
Anyone know of a lender that will go that low on a fica and that high on the ltv and does business in Ca?
Any suggestions would be greatly appreciated.
p.s. this is my first lot loan, anything to watch out for?

[carlo@CreditReportAtlas]

Reese,

Thanks for joining us. Glad to have you in the community.

Thanks,
Carlo

[Aapexnetbranch.net]

Hi Reese, Welcome to the forum, I have heard tale of folks getting that kind of LTV on a lot loan. From what I have seen the best lenders for lots are local banks near the property. They have a better sense of what zoning risks are involved and other factors that might change the value of land.

[The Wizard]

Hi Reese,

Welcome to the forum. Try the Scottsman Guide search engine. www.scottsmanguide.com

[reese]

Thank-you all for the welcome. I will look into those options. This is a very helpful place. Glad I stumbled acrost it.