Loan amount
$245,000
Loan type
Purchase
{Rent&Hold}
As-Is Property Value
$280,000
{PP:$260,000}
LTV
88%
{LTV}
Property type
Single Family
Borrower Details
Credit score
669
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
AMSTON
State
Connecticut
Loan Details
Purchase price
$260,000
Down payment
$15,000
Additional Loan Information
Need to secure mortgage for home under contract where FHA mortgage fell through. Previous home was included in chapter 7 bankruptcy discharged in Oct 2019. Home was surrendered in Bankruptcy. Foreclosure to clear title took 1.5 years with Covid courts closed. With foreclosure on my record this year mortgage wouldn't go thru underwriting. Need bridge loan or other loan to wait 3 year waiting period for FHA or other mortgage
Status
Open
Created
October 27, 2021 - 7:35pm
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