For full disclosure purposes I am a broker. I am looking for a certain program and not having much luck. I need a lender who will do a stated, 80/20 option ARM super jumbo. Borrower has a 780 FICO. Loan amounts are $800,000/$200,000. Any help you guys can provide would be great. I can do the second in house, but not combined with my option arm program.
Try World Savings…
Good Luck,
Tried them. $800,000 is max combined balance. Thank you for your reply.
One more try… MIT
do you have contact info for them?
Also try:
Downey - www.downeywholesale.com
Aegis - www.aegisfunding.com
Flagstar - www.wholesale.flagstar.com
Indymac - www.indymacb2b.com
Good Luck,
thanks I will try them all.
Please let me know if I can be of any other help…
Definatly Bear Sterns!! 80-20 option ARM.
660 for full doc
700 stated
Max loan size 2 million .
Thanks Patrick I will give them a call today.
Patrick, do you have contact info. for Bear Sterns? I am looking around but can’t find where to call. Thanks again for the tip.
Christopher,
Try 866-339-8355 Bear Stearns
Thanks guys, I tracked someone down. Man, I combed the Scotmans Guide for lenders but found nothing.
Only 2 I knew of that did stated 100% option arm before this post was Southstar (i think loan amts might be too high) and American Brokers Conduit…check them out.
Man, I combed the Scotmans Guide for lenders but found nothing.
The Scotsman Guide has never been of any help in finding lenders. Articles are good, but, the Lender’s that are listed offer pretty much the same thing.
You might try www.wierdloans.com in the future.