Anyone familiar with this "program"?

For example my loans are currently a quarter plus prime which is 8.5%.The interest only loans I use fit my game plan.

The conditions are now perfect for investors... and also, have never been better for PROPRLY QUALIFIED home buyers.97% FTHB mortgages are still available for those qualified for FHA Programs... 100% FULL DOC mortgages are still available for those with mid FICOs 660+ ... 90% SIVA mortgages are still available for those with 680+ / 700+ mid scores."

Zack,:welcome: to BP.Can you tell us more about your degree program?

Josh can suggest what forum is best for the discussion as I am not sure exactly where it would fit (commercial is my guess).John Corey

There is a subtle line here....you can chose not to take any section tenants because you don't want to work with the section 8 program, but you can specifically deny an applicant because they are on section 8.Otherwise, section 8 tenants typically can not move out mid-lease.

I've called a few hard money lenders I found on the web but they all seem to have some requirement that doesn't fit my situation.

I market them and they are exclusively for primary residence-owner occupied transactions---it's a great program for light rehab projects...Regards,Scott Miller

Occupancy Owner Occupied, Second Home, Investor Interest Only Option Up to five (5) years interest only, then P&I for the remaining 25 years REQUIRES MI LTV Limits Owner Occupied, Second Homes, 90% NO MI LOAN Limits $1.25 Million Credit Score Requirement: 760 International Borrowers are eligible for this program @ 80% Close your Daytona Condotel in an LLC - Requires Personal Guaranty; Does NOT report to personal credit unless there are lates or default --------------------------------------------------------------------------------80% LTV for condotels if credit scores 640 - 759--------------------------------------------------------------------------------No prepayment penalty******** End Quote ********With regards to commercial or residential status, that depends on where the property is located and how often you stay in the property.

Jon,:welcome: to BP.How did you select the program you expect to start in 11 months?