Profile picture for ghjackson

stated income jumbo mtgs???

mtg professionals,

can any direct me to some lenders who will work with brokers in ca that offer siva loans in the jumbo category? great scores, big down payments we just don't have a lender offering them to us.

glen jackson

  • August 28 2008 - US
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Answers (7)

Profile picture for Whitman Met

parkside... not to say the rate is gonna be great though..

  • August 28 2008
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Hi

 

ghjackson.

 

I dont do stated loans, because I dont like them.

  • August 28 2008
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GH,

 

Stated loans are all but dead, and they should be.  What is still available is very expensive Soveriegn I believe still offers a no doc and stated loan to 1M at something like 10% with 3-4 points and a max ltv of 75%.

 

Tony Soprano would likely give you a better deal, but don't miss a payment!

  • August 28 2008
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Profile picture for Rob Cochems

You want it as a Neg Am or an ARM?  I don't have fixed stated income.

  • August 28 2008
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CITI does a SIVA to 75 LTV with $100k in assets after closing to $3mil. here in NC. 5/1 ARM with rates in the high 6's paying about .5-.75%.  Don't know about CA.

  • August 28 2008
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Who started this thread? Surprise!

  • August 28 2008
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I retract the above. She did indicate she was inquiring on behalf of a broker.

  • August 28 2008
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