Hi Gael, I’m HLS, I’m in the loan biz in Murrieta, can do loans anywhere in CA.
Qualifying is the trick today.
I’m sure that you understand that 100% finanacing is about the biggest risk a lender can take. Even with a good credit score, if you walk, you have litte invested, and THEY get a house.
HOWEVER, much to the surprise of many, even after the past few days of Wall Street meltdown, it MAY still be possible.
Depending on about 10 other factors and what your employment situation is (Wage earner or self employed, how long, reserves etc) I’d be happy to discuss it with you.
I’m not going to blow smoke or tell you that it’s going to be easy, or cheap, but I will quote you PAR (wholesale) rates and what the fee would be if I can do it for you.
You can pick title & escrow company if you want.
Even as of yesterday, Aug 03, below is what one program offers, it’s not exactly stated, but you might qualify with bank statements.
I can try and find 100% STATED for you over the next few days, At a 700 score, Stated 100% jumbo still might be possible. It may have to be a single loan, and you may not like the payment.
Programs are coming and going daily. Also depends what term you are looking for.
5% down will make a huge difference, but a large reserve account might be the compensating factor to a lender.
If that’s what you want and can afford it, I’ll get you the best rate that I can, and try and get you qualified.
100% LTV
$550,000 Loan Amount with 620+ Score
$750,000 Loan Amount with 660+ Score
Full Doc or Bank Statements
Self Employed & Wage Earner
620 Score (VOR Waived with 660+ Score)
No Reserves!
No MI!
50% DTI on Fixed Rate Products!
Seller Contributions Allowed up to 6%
Gift Funds Allowed!
No Payment Shock Requirements!
QUALIFYING is the key. Need to know more about your situation.
Please email me at [email protected] with your contact info, including phone number, and I’ll be happy to give you a call. Thanks.
