Looking for 5/1, 7/1 or 30 year fixed around 5.0% non Fannie

[Lewis McKnight]

Any one know of any body that will lend on a Single family home 60% LTV. Non Fannie mae loan. I don't want the loan to be tied to my income just the properties income. DSCR is 1.31. I keep getting quoted around 5.6 to 5.8. There has to be a lender out there with better rates. Loan will be around 135k. The property is in Dallas Tx.

[Jay Hinrichs]

Originally posted by @Lewis McKnight:

Sure Cheng, It is Vertex bank. I  had to move one of my operating account with over 500,000+ cash and have done some loans in the past. (Around 2 years ago.) So I am not a random loan for them. As far as the lender let me ask him and see if he is open.  You will need to have a decent balance sheet mostly likely and proof of some other loans repayments ect...

  I knew there was a catch your not the average borrower like those with limited liquidity and want best rates simply because they have a good credit score.. liquidity changes things drastically.. 

also market specific..