William, Home Buyer in Los Angeles, CA

My name is William, & I am in need of a quick rehab or 203K loan

Asked by William, Los Angeles, CA Sun Jul 20, 2008

looking for a lender who is willing to lend on future value, when rehab is completed house will be appraise at about 300 - 350K. currently owes less than a 100K

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Answers

5
Wells Fargo is doing these loans but they charge 2 to 3 points. Those loans are difficult to refi out of.
0 votes Thank Flag Link Fri Jan 1, 2010
Hi William,
My name is Will. I am a renovation specialist with Wells Fargo. Prehaps I can be of assistance to you. I am well versed with the 203k and renovation lending. Give me call some time so we can discuss your options.
0 votes Thank Flag Link Mon Jul 21, 2008
Hi William,

Several of my clients, both borrowers and investors have used Baypoint Mortgage - this is exactly what they do! Ask for 'Sal' at 818.360-8200. Mention that Yona Bello sent you.

Best of Luck!
Yona Bello
Web Reference: http://www.YonaBello.com
0 votes Thank Flag Link Mon Jul 21, 2008
William,

I have two loan options for you. Both are based off of future value and with one of them giving you the option to avoid mortgage insurance on a refinance so feel free to contact me for more information.

Good luck to you.
Marvin
0 votes Thank Flag Link Mon Jul 21, 2008
William-

I can originate a 203k loan for you in California. When you are done with the rehab, you can either keep your loan/rate or refinance and try to lower your rate, eliminate MI, etc.

Please give me a call and I will get the process going.
Luke Allison
Flagstar Bank
828-777-8828
Luke.Allison@flagstar.com
0 votes Thank Flag Link Sun Jul 20, 2008
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