I have a potential deal in Indianapolis, IN, where I have a contract on a home at $15K and have a willing buyer for $45K. In this assignemnt, I want to get the $25K difference.
The buyer has a FICO score of 585 (I think) and would like to go stated income. I was told today that there are little or no lenders that go <$50K for non-conforming loans.
Any Help?
would you be willing to carry a small second lien? stated income with 100% financing at a 585 will be difficult, but if the LTV was say 90 or 95% with a seller carried second you may be able to get this done.