All Forum Posts by: Scott Miller

I can assist you with exploring your FHA options in CA.

Regards,

Scott Miller

What your lender is experiencing is an adjustment due to a declining market clause they have recently added to their guidelines (assuming that they are an orginating/servicing lender)---FHA doesn't have these issues (not yet anyway)...

Regards,

Scott Miller

Have you considered FHA? It won't allow for 100%, but it will get you close (97.75%).

Regards,

Scott Miller

There is a possibility I can assist, but I would need to know some more info.

Regards,

Scott Miller

I agree with Eric---I think the fee to sell the note might be even higher given the loan amount being considered...

Regards,

Scott Miller

An appraisal for a SFR should run between 250-300 (no more then 350).

My apologies, I read the loan amount incorrectly---s(he) appears to be making almost 4.4% and not 6%.

I assume that you are going FULL DOC---if so, you should speak someone else to see if you can improve upon this...

Regards,

Scott Miller

Is this a multi-family residence? If not, the appraisal fee seems too high...

(S)he seems to determined to make approx. 6% in broker fees/YSP---seems excessive given the loan amount...

Regards,

Scott Miller

Thanks Eric---invite extended...

Regards,

Scott Miller

Thanks a bunch---I owe you one...

Again I repeat, there are still some lenders that are offering 100% financing without the 5% hit for declining markets---US Bank is just one of them that I'm aware of...

Regards,

Scott Miller