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Updated almost 9 years ago,

User Stats

348
Posts
164
Votes
Shari Peterson
Pro Member
  • Lender
  • St. Louis, MO
164
Votes |
348
Posts

Owner-occupant financing - Denver CO

Shari Peterson
Pro Member
  • Lender
  • St. Louis, MO
Posted

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
Their plan is to get into a regular loan until they can re-fi into a more traditional pricing structure. Hopefully 6-12 months.

Can anyone recommend someone who can finance this?

  • Shari Peterson
  • Loading replies...