I will do loans of this size. However, you will probably have to do a 10 year loan and just make the payment that will pay it off in 5 years if you wish. It also might be smart to do a 5 year arm which would be a very low rate that could change after 5 years. Of course, if you pay it off in 5 years, this will not be a concern.
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Robert L. Hanson
Gladewater National Bank
First Time Homebuyer Specialist
Direct: 240-752-7549 Cell: 301-651-7822
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If you can find one the rate will be so high it won't make sense. In my experience most lenders also do not like income from fellowships.
Can you get anyone to cosign?
Call me early Thursday also about a special down payment program happening this weekend.