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Updated about 6 years ago on . Most recent reply

Account Closed
  • Philadelphia
2
Votes |
6
Posts

Would CASH REFI be best for this?

Account Closed
  • Philadelphia
Posted

Unique situation, property in Indiana 46226 zip, valued around 60k. Being rented out for $740/monthly until 2020, yearly taxes $1000, and home is owned OUTRIGHT. Zero debt! Owner lives in Norway, is NOT a US citizen, but has an ITIN, works for a big US corporation, and has US bank accounts. This is an investment property, he will never occupy this property. He would like 75% LTV. Is this something banks or credit unions or lenders would assist with? Since it's such a low amount (around 45k?)

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575
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Ryan Mullin
  • Real Estate Broker
  • Louisville, KY
495
Votes |
575
Posts
Ryan Mullin
  • Real Estate Broker
  • Louisville, KY
Replied

Google Shawn Huss with chemical bank.  Does these all day (smaller loans in IN)...    Not sure about the NON citizen part though.   

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