Need Help With Financing

I have a deal on the table and I am having a hard time with the financing.

I need a 90% 5/1ARM non-owner occupied loan under 5.5%

My credit rating is A+ (top 5%).

This is for a 4-family New Jersey Property.

Any help would be appreciated.

Comments(3)

  • HomeFront3rd December, 2003

    Ferris,

    Would the owner be willing to do that type of financing for you? If they are willing to do the financing then you can save your credit for another property. I know of some lending institutions in my area that will do that interest rate. PM me if you would like their website.

    HomeFront

  • SmileyFace3rd December, 2003

    As far as I know, I don't think you can get it. It is totally outside of comforming guidelines. Some sub prime lender will give you 90%, but the rate will be much higher than what you are talking about.

  • SmileyFace3rd December, 2003

    As far as I know, I don't think you can get it. It is totally outside of comforming guidelines. Some sub prime lender will give you 90%, but the rate will be much higher than what you are talking about.

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