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43
Posts
8
Votes
Matt D.
  • Flipper/Rehabber
  • La Jolla, CA
8
Votes |
43
Posts

Jumbo Lenders Low Doc Loans

Matt D.
  • Flipper/Rehabber
  • La Jolla, CA
Posted

Are there many low or no doc loans using a 90 percent LTV? The purchase price is about $2 mil and it will be owner occupied.

I know this is above the FHA limit which is creating a rate in the 5 percent (plus) range. The home is in San Diego county. I spoke to a company called MBanc but not sure of their reputation and whether they can execute.

Looking to do a ADU at some point on the same lot. Any guidance or references would be great.

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