can anyone tell me who is doing stated income for NOO at 80% LTV in Ohio ? Mid score at 660 and own 7 properties now. was working with Bank United but they no longer do more than 5 properties.
Most conventional lenders have changed guidelines to allow 5 properties. There are portfolio lenders that will go above 5 or even 10 but LTV is capped at 70%.
not to mention that stated in OH is about done too.
Aurora had still been doing stated in OH but they’re gone now.
You may need to go hard money at 75% or rate/term if conventional.