FINANCING CONDO IN P.A NEED HELP.

CROSSGAP · January 25, 2007, 12:30am

HAVE A GOOD DEAL ON A CONDO, GREAT 4 RENTAL OR RESALE. LISTED AT 49,000 COMPS AT 72,000-86,000 NEEDS MINOR UPDATES HOW DO I FINANCE 100%

PA_Broker_Dave · January 25, 2007, 6:17am

Does the property have a lot of issues that you are getting such a low price? Where is it located?

JOHNNY_Q · January 26, 2007, 2:37am

Fico?

CROSSGAP · January 27, 2007, 4:57am

Fill me in johnny, how do I do this?

PA_Broker_Dave · January 27, 2007, 6:01am

We are asking questions that will help us define our answers. If you reply with information and perhaps an outline of your situation, it will make it easier to offer worthwhile advice.

lassitermortgage · January 28, 2007, 2:33am

100% investor (NOO) loans are available for condos. Go to a broker that belongs to your REI club.

CROSSGAP · January 30, 2007, 12:54am

CONDO LISTED FOR 49,000 COMPS 72,000-86,000 UNIT NEEDS ONLY COSMETICS, MAYBEE FLOORS. CONDO IS IN THE POCONO AREA. WANT TO FINANCE 100%, MY FICO IS CURRENTLY 580/GOOD JOB 5 YEARS 60,000YR . HOW CAN I DO THIS? ANY SUGGESTIONS?!

lassitermortgage · January 30, 2007, 1:47am

No 100% investor loans with a 580. 620 min.

CROSSGAP · January 30, 2007, 9:10pm

what about a HML based on cma’s , as a means of update and flip?

lassitermortgage · January 30, 2007, 9:45pm

It’s possible with a local hard money lender. The nationwide rehab lenders like Investwell don’t do condos.

CROSSGAP · January 31, 2007, 1:02am

ok anybody know any HML’s that will finance this? private lenders?

CROSSGAP · February 1, 2007, 10:57pm

Newbie, after checking, 600 mid score. what is my best means of attaining financing in eastern P.A. Looking to finance rehabs,as well as rentals to hold,any suggestions?