Lenders wanted

TX, Single-Family, Construction, $376K, 691 FICO, 80% LTV
Posted on 11/8/2013 8:37:18 AM

Borrower is a pharmasist. Wife is a W-2 income nurse.
He worked for his own company but the pharmacy was not making money so he shut that business down.

Now he opened a new pharmacy in his wifes name 6 months ago. He is taking a W-2 wage, from that company but I cant show tax returns as the business is too new.

I need a stated income.... any suggestions?

  • by Sabin Marquez on 1/29/2014 5:22:03 PM

    We may be able to help you depending on the city? Owner occupied 25% down payment is required.

  • by TEXCAL FINANCIAL on 1/27/2014 11:45:33 AM


  • by Bayview Mortgage Inc on 11/10/2013 2:42:14 PM

    Make the builder get the construction loan and then the buyer would buy the home with the wifes credit. If the builder can't foot the bill. Go to a different builder. I know plenty of builders that could do this.
    Always look to see who is the dead dog in the transaction. Then get rid of that person or company.

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