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Updated almost 9 years ago,
Owner-occupant financing - Denver CO
I have a friend who has a typical investor financial picture who needs an owner-occupant loan. Here is the story:
- FICO husband 695 / wife 670
- purchase price new construction: $469k
- Property in Denver CO
- loan amount needed: between $118k and $180, representing 25% to 38% LTV
- income source: new oil wells that are now beginning to produce income
- traditional lenders freaking out over dropping price of oil
Can anyone recommend someone who can finance this?