Posted on: 08th Apr, 2010 03:48 pm
Client is less than 60% LTV. Property in San Diego, owner occupied. The client had to quit his job because they stopped making payroll. He is on unemployment and rents the rooms out. Anyone have a lender to help?
Hi chris!
Welcome to forums!
It will be quite difficult for him to receive a loan as your client is presently unemployed. I don't think any of the lenders would be ready to give him a loan.
Sussane
Welcome to forums!
It will be quite difficult for him to receive a loan as your client is presently unemployed. I don't think any of the lenders would be ready to give him a loan.
Sussane
You're not likely to get a hard money loan at 60% LTV on an Owner Occupied property. The unemployed part does not help much either.
