Sorry to hear about your score dropping.

Hey Beth,I have a rental portfolio in NC worth $1.1m but as a foreigner with no credit score my cash out was capped at 60% LTV so the portfolio has around $500k equity, so I'm looking for a 2nd position lender to lend the gap to 75% LTV.

If I were you I would make a list of what you’re looking for and start calling the local banks/credit unions.

Many local banks and credit unions will do a second up to 89.99% loan to value.

Go to your local bank/credit union and ask them for the same.

My local credit union won't do it either, they also won't do a business LOC because the business is only 1.5 years old.

I had a sub to seller do that to me.. we closed and she walked right into the credit union and told them she sold the house and was not going to make anymore payments..

That and your credit score will be the biggest levers on the rate for the purchase.

Has anybody used, or have any experience with Credit Union Mortgage Association for financing real estate deals? 

We are using credit unions with a 25 yr am, 2 yrs I/O.Most community banks will also go to 2 yr ams.