construction: Construction and Rehab Mortgage Financing
- 10/18/08 08:14 AM
Our Team has been working with the banks in the Twin City, MN metro area to bring you some of the best rehab mortgage solution to date. Here are the basic guidelines for our Commercial Loan Program for Residential Rehab and Construction Mortgage Financing:• - Minimum 660 FICO score •- If rental, Minimum 1.25 DSCR •- If using DTI, Maximum 45% •· Can blend both with global calculation •- If DTI and DSCR do not work we can use marketing plan and pledge payment reserves to bank •- 6 Months reserves •- Purchase plus Construction = X •· Loan amount = 80% of … (0 comments)
What can I do to find an agent in Minnesota to send my business to? Yes! I want your business in return. In march I have three closings and all are from referrals I sent agents. So far ZERO referrals back to me. If there are any agents still doing business I want to send you buyers and in return I expect borrowers. If that sounds fair please contact me. Dax Dickson 612-578-9898 … (2 comments)
Our Team has been working with the banks in the Twin City, MN metro area to bring you some of the best rehab mortgage solution to date. Here are the basic guidelines for our Commercial Loan Program for Residential Rehab and Construction Mortgage Financing:• - Minimum 660 FICO score;)
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