Does anybody knows any lenders in Massachusetts that will do 95% LTV refinancing with cash out on a non owner occupy investment property? 8)
Depends, can you give more info… What is the fico score, full doc or stated, and when was the property purchased?
FICO score 715, full doc, the property was puschase 13 months ago. Currently value at $354,801 with a loan balance of $278,000.
I’m sure there are quite a few brokers on this board that can do it. With that fico, going full doc, and if you have 6 months PITI reserves…you should be able to get 100% if you need it. Of course, rates will be more attractive at 95%.
You shouldn’t have any problems with this one.
Yes then 95% can be done. Is this for yourself or you’re client? What type of loan are you looking for?
The loan if for myself and I am looking for a fix loan, amortize over 30 year with a good rate.
ok no problem ill pm you…
95% definitely available, possible even 100%.