Are there any No Doc No Income verification lenders available in Port Charlotte.Fl area for second home?

Gary
Other/Just Looking
Port Charlotte, FL

purchase with 30% dp and good credit?Few calls I made lenders have dropped these programs. I wanted to get prequalified for this type of loan...Thanks from a - NH resident

Answers (3)
David Chamberla...
Other/Just Looking
St Petersburg, FL

Just got this email, Its not one of my approved lenders but you can call them if you like. I am not recomending them just giving you the information, I have never dealt with them before I got on their mailing list somehow. Caveat Emptor

MSF MAIN ST. FUNDING GROUP

7380 Sand Lake Road · Suite 500 · Orlando, FL 32819 · Office: 888.447.9006 · Fax: 386.597.2618

Web: metrotechmortgages.com · Email: info@metrotechmortgages.com








Stated Programs

Rate & Term Refinances


Take advantage of All Time low 4.5% rates by Refinancing NOW into a 30 year Fixed Rate Mortgage.



Stated Residential Program Facts / Requirements




Stated Rate & Term Refinance

ü Eligible for most Freddie Mac* and Fannie Mae Loans

ü All First Mortgage types - Conforming, FHA, VA, USDA, Alt-A & Nonprime

ü 105% LTV and Unlimited TLTV / CLTV

ü Rate and Term Only, covering mortgage and closing cost

ü Stated Income and Stated Assets (*Available on all Freddie Loans, Lite Doc on Fannie Loans)

ü Most Property Types - 1 to 4 Units, Condo, PUD’s and Cooperatives

ü Most Occupancies - 1 to 4 unit Primary and Investment, 1 unit Seconds

ü No Credit Score Minimum (unless new loan is more than 20% of existing payment)

ü Secondary Financing allowed (must be re-subordinated)

ü No Reserves



Main St. Funding Group
Your Neighborhood Lender

Toll Free
(888) 447.9006

Fri Apr 17 2009, 20:05
David Chamberla...
Other/Just Looking
St Petersburg, FL

Not that I know of. These are the types of loans that got them in trouble.

Fri Apr 17 2009, 18:35
Cheryl Delzell
Agent
Port Charlotte, FL
FIRST ANSWER

Hi Gary, Unfortunately most lenders have dropped this type of program due to the high rate of foreclosures on these types of mortgage loans. Your best bet is to contact a mortgage broker in Port Charlotte and see what they have available. Most mortgage brokers work with many different lenders with different types of loans. Good luck! -Cheryl Delzell

Fri Apr 17 2009, 18:26

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