Hello All, I'm new to BP and looking network with Brokers, Agents, Money Lenders and other Investors in Western Massachusetts, Berkshire County Specifically.If this is you, please feel free to reach out. 

I'm not looking for a buy and hold property at this time so I'll do more research into the tenants once I get that info from the prospective seller so I can get it the lender if the deal looks like it may work out.Thank you!

The borrower's best option is to reach out to the lender through the servicing company and request a loan modification directly.

Harrison- while this is an option they cannot offer the terms non recourse lenders can.

I'm waiting on call backs from another 2 lenders in but I would much rather use referrals if possible rather than randomly calling lenders.  

:) Super Jumbo is generally up to $5m & still largely algorithmic like you are used to, larger than that it's generally done on a one-off basis.Worth noting is that technically the lender still must follow the post-recession "Ability To Repay" rule, meaning the lender can't just go "oh, 40% down, we can't lose even if we have to foreclose, loan approved!"....

Does anyone have a lender they could recommend for the St Louis area that requires less than 20% down?

Hopefully I will be able to have a definitive answer once the lender processes the refi and HAMP paperwork that was sent in.  

I have over 50% equity in an 800K primary residence, but as lenders are looking at my DTI, things seem distorted by the low income on tax returns,  and I'm being told there is no way I can qualify for a 30yr fixed.  

It was one of the riskiest decisions I made in my life and I had to put my everything on the line, if I didn't perform on my first flip and didn't stand up to my work for the people that vouched for me to the lenders and investors, that would of been the end of my real estate career.