Just got another pre-approval letter from a lender. Based on credit scores etc they will do 85% LTV on a 2 unit property and 75% on 3 or 4 unit properties. I had hoped for 90% LTV on duos but it is a start and better than the other deal I got which was 70% on any type.
I am going to keep talking to brokers and seeing what I can find.
If anyone knows of a good broker who can still find 90% LTVs or programs with 80/10 or 75/15 please let me know.
Tuesday, September 2, 2008
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