Is anyone doing 550 stated purchases 80% O/O?

Stephanie
Home Buyer
Oregon

Lease option, $64,000 cash to seller, W-2 employed but has "other income" can verify with bank statements, Need it done asap, does anyone still do this.

Answers (1)
Gail Hiebert
Agent
KCMO
FIRST ANSWER

Not that I know of. Those days seem to be gone forever - at the present time, you're lucky if you get an 80% loan with a 750 base. Is this for residential or commercial property?

Web Reference: http://www.taxcats.net
Thu Nov 29 2007, 12:42

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