Found A Lender With No Seasioning Reqs! Now What?

Now that I found a lender who does not have seasoning requirements, I am setting up a tentative meeting to discuss a possible business relationship. Since these loans are not for me, but rather buyers I will be flipping to, how should I approach this meeting? Do I just let them know that I will be bringing in business for them? Anything else I'm missing?

Thanks in advance,
Junoti

Comments(5)

  • tinman175513th January, 2004

    there are many lenders that don't require seasoning on property. Where the catch is if your buyers qualify for that program. I usually buy two properties, sell one, rent one, both are bought with cash, fixed up. I can get my own property refinanced within 2 weeks of it being rehabbed and rented. My buyers usually don't qualify for those programs, but it is a numbers game and I get it done GOOD LUCK!!
    [addsig]

  • bgrossnickle13th January, 2004

    Who is the lender? I am sure that people on this forum would like to know a lender with no seasoning requirments.

    Brenda

  • Sunre16th January, 2004

    Again,

    Who is the lender. We would all like to know.

    THanks!!

  • Junoti16th January, 2004

    TCF Bank. I think they're based here in Colorado.

  • tinman175520th January, 2004

    Fannie Mae and Freddie Mac do not require seasoning either. There are basically 50 plus banks that use fm/fm guidelines. but it is hard to find the right person to do the this sometimes, most brokers are lazy
    [addsig]

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