100% stated on investment property?

I am a loan officer, wondering if anyone knows what banks would lend 100% on an investment property, stated income, 767 credit score.

Nope.

You can try the bulliten boards, but good luck...

http://www.scotsmanguide.com
http://www.mortgagegrapevine.com

You need to get hold of a Mortgage Broker, and not a banker; preferably one who specializes in non-conforming paper. They're out there.

Good Luck. 100% on an investment property is hard to get no matter how perfect everything else is, then you add in the stated. You will probably be capped at 80% or at the MOST 85% LTV since your going stated. Best of luck! Let me know if you find someone who will do it. I'll have to sign up with them. :)

Stated is a hard thing to do these days, even on the conforming side when you need 100%.

Accredited was doing 80/20 stated / 100% on the Alt-A side a month or so ago, but I think they have stopped doing it now.

Good Luck

I agree with sdmike. I'd head out to the sites and ask there. I haven't seen anyone doing stated 100% on owner occ much less investment. I'm still in touch with some lenders even though they pulled out of Ohio. Most of their stated programs are 90% maybe one at 95% with perfect everything.

Tags

　　Investment Group 　　Investment Firms 　　Investment Company 　　Investment Calculator 　　Investment Bank 　　Investment Advice 　　Investment Account 　　Invest Money 　　Invest in Gold

Related information

What can and can't a private bank do with their cash deposits?

I don't know for sure. But keep in mind that banks are highly regulated even if they are not publicly traded. In the US, the main regulators are the FDIC, the Federal Reserve Bank, and the s...

Are there mortgages available from a UK bank for Australian property?

Yes, it is, i'm a Real Estate Agent in Sydney and a lot of our clients properties are mortgaged through Hong Kong Banks etc... many through Rabobank and other non bank lenders as well.

...

Should i invest in a bank cd that pays 20% per annum net interest?

20% really??? I'm moving to the Philippines!!! Seriously... I could live off of 20% interest on what I have forever,... like a king considering the cost of living there... Is this for r...

U.S. dollar>Euros check an investment?

No, it's not an investment and not a good idea. Currency "speculation" is not for amateurs.

...

I made an offer on a bank owned property more than 14 days ago-I still have no answer-can I demand one?

All banks differ. Some take a few days, some take a few weeks. I'd give them a call and be nice. Most banks won't allow an expiration date. You need to understand the process bett...

Why does the bank make so much interest?

The bank lends money to make money, simple as that. That's why people are in debt to their wazoo!! The rich get richer... It's the American way...

...

What would be a good investment?

Where are you going to live? Dont you need to buy a new house?

...

Federal bank interest rate to rise. What does this mean to the TSX?

Clearly , it may be in your best interest to spend time at the Library reading up on investing. Good start: The Intelligent Investor by Ben Grahaqm - it's a classic. Also read up on Warre...