How to find a Direct Lender

:-[

I’m an Investor. How do I find a Direct Lender for this scenario.

Cashout refi, Stated/Stated preferred, 90% LTV. MID FICO 669…

80% First @ 421,600 with 10% 2nd $52,700…looking for any program.

Prefer a 40 year and/or interest only, value is $527,000 - SFR CA.

I’m currently 60 days past due on several rental properties, however I am closing a cash out refinance of my primary residence which I will use to bring the loans within a 30 day delinquency…credit score is reflective of the mortgage lates.

How do I find a Direct Lender that allows mortgage lates? ???

Check the investor resources on the left. Hard money lenders, investor network ads, local service providers, etc. You can also check with a local investment club for referrals.

With that many late pays you will have to go to a non-prime lender. I don’t know of any non-prime companies that deal directly with the public. Typically they are wholesale or correspondent only; which means that you have to deal with a broker to use them. Good Luck.

So how can we help you to not be

quote “60 days due on several rental properties”

is maybe a more approprate question?