4,583,790
Hi Chuck -- I see you are in Florida --- Mortgage experts John Meussner and Joe Petrowsky are both licensed in your state(as well as others). Either one would be a good choice to ask this question.
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John Meussner
Fair Oaks, CA
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Tony and Suzanne Marri...
Scottsdale, AZ
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Debe Maxwell, CRS
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
3,350,439
I highly recommend you contact Joe Petrowsky - if it can be done ... Joe can do it. I wish you all the best!!
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Debe Maxwell, CRS
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
5,772,693
Chuck,
What Michael Jacobs recommended, and I agree with him. A
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John Meussner
Fair Oaks, CA
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Michael Jacobs
Pasadena, CA
1,506,773
I second Michael Jacobs response
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John Meussner
Fair Oaks, CA
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Michael Jacobs
Pasadena, CA
3,988,013
Are you looking for a lender? As Michael Jacobs said we have some great ones here in the Rain.
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John Meussner
Fair Oaks, CA
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Michael Jacobs
Pasadena, CA
5,257,589
Ask Joe Petrowsky or John Meussner their take on this. Good luck, Chuck Mixon!
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John Meussner
Fair Oaks, CA
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Michael Jacobs
Pasadena, CA
4,272,934
I don't think it is all that rare...
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
5,062,995
You have some good answers below. Good luck!
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
3,743,474
I don't think it's that unusual. I think any lender should be able to do this.
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Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
1,078,351
This is allowable and I'd be happy to help if you still need it (thank you everyone that recommended me : )
As others have mentioned, Trust documents would need to be reviewed should it close in a Trust.
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Michael Jacobs
Pasadena, CA
3,071,489
5,032,996
I see that all the time..most lenders can pull this off.
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Roy Kelley
Gaithersburg, MD
19,816
Yes, start packing for the move! I know 4 banks that allow such flexability, but would have to check on the low loan amount
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Roy Kelley
Gaithersburg, MD
4,800,132
5,244,268
Some lenders will shy away from this. Some will do it with a personal guarantee. Consult your local banks!
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Roy Kelley
Gaithersburg, MD
4,434,177
1,728,667
As Patricia Kennedy wrote. Lenders will require Trust Documents with principals to the Trust involved.
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Roy Kelley
Gaithersburg, MD
5,583,328
should not be an issue with most lenders....
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Roy Kelley
Gaithersburg, MD
5,115,878
Sounds like a basic loan to me. Contact any of your preferred lenders in your area.
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Roy Kelley
Gaithersburg, MD
4,319,773
Chuck Mixon - I think this happens - not so often, but it does.
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Roy Kelley
Gaithersburg, MD
6,423,496
Not sure what you are asking for here Chuck, does the buyer have a family member who trusts them for this amount and has the capacity to lend this much?
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Roy Kelley
Gaithersburg, MD
1,242,204
90% lenders will lend you money for that value. Most brokers will decline because of such small amount. May be credit unions....
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Roy Kelley
Gaithersburg, MD
2,224,473
I'm sorry I don't have an answer for, but you've come to the right place to find out.
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Roy Kelley
Gaithersburg, MD
2,684,769
2,378,945
Good luck -- I hope you find the right lender!
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Roy Kelley
Gaithersburg, MD
3,986,308
7,869,902