I am interested in a Home Loan, and having difficulty getting a 100% rock solid guarantee from any broker or lender.
(I have tried everywhere so far)
Here is what I am looking to do with my loan.
Item: Single Family Home (Owner Occupied)
Loan Amount: $1,725,000
Amount Financed: 100% financing
Documentation: Stated Income and stated asset
Type of loan: Any - (Interst Only. Option ARM, 3/5, 3/10, 3o year fixed, 30 year adjustable, etc)
Prepayment Penality: None (I will re-finance the loan within 1 year)
Points: No Points (willing to pay 1 point but lender must allow it to be rolled into the mortage)
Additionally:
I do not want to have to show large cash reserves.
The seller maybe paying my closing costs upto $10,000.
Background:
My credit score is between 735, 740, 745 with the 3 credit reporting agencies.
I only have 2 car payments (2000 Dodge Viper, and 2002 Lexus LS430)
I have no other debt, no credit card debt, no late payments, etc. Good clean credit history.
If you can get me a loan, I would gladly do business with you.
I am willing to speak with with the underwriter. Or if you need me to plead my case with the underwriter. You will need to do a “exception form”.
We have not decided on a property, but we are in southern California Community. The homes in the community run from
$1,600,000 to $2,600,000. There are several homes for sale in the area. We are trying to get the best deal on a new home, by shopping the different sellers.
Before I make an offer, I want to ensure I am preapproved for a mortage.
I need loan confirmation within the coming week as we are ready to make an offer on a property.
Thanks,
UZY