Are there still any lenders doing recorded and non recorded land contract refinances.
What are your opinions on doing a balloon land contract with this being the exit.
If the credit is there but just can’t get enough for the down payment the lender wants is this a good idea?
If they can qualify for an FHA loan you could gift them the down payment funds using a down payment assistance program like Genesis or Nehemiah.
Can you give me a ballpark on the qualifications?
Score
DR
Open Collections
Ect…
Hey Bill dat you? Give us some numbers on the LC. i.e purcase price, down, interest, term, score etc.
herbster
If you have a recorded note/deed of trust, then you can refinance 1 day after the note is filed, provided that the home has equity, decent credit and some rental history.
Unrecorded contracts require 12 months cancelled checks