Andrew Ikeda 0 Report post Posted April 13, 2004 Greetings Investors! Just thought some of you might be interested in knowing that I can offer you a lease option loan for your tenant buyer. Well, ok, it's available in 39 states of which some are: Florida, Virginia, Tennessee, Michigan, Massachusetts, Mississippi, Missouri, Nevada, New Mexico, Ohio, N. Carolina, Pennsylvania, Oklahoma, Texas, Wisconsin, Montana, Utah...just to name a few. Call me if your state isnt listed. How this works is that after 12 months, your t/b can get qualified for a 90% LTV loan and the lender will consider all option money and rent credits towards the purchase price and closing costs! It is basically considered a refinance and again at 90% of the value. Ok, let the action begin!! Andrew Ikeda (Mortgage/Investment Specialist) US Funding Group, Inc. 888-889-1640 ext 220 360-433-6820 direct line 360-909-3374 mobile andrew.ikeda@usfundinggrp.com and/or andikeda@netscape.net Share this post Link to post Share on other sites
Gene 0 Report post Posted April 13, 2004 Andrew: Is your program available in Illinois? Gene Share this post Link to post Share on other sites
Andrew Ikeda 0 Report post Posted April 13, 2004 Gene, You betcha!! We've got Illinois covered! Andrew Share this post Link to post Share on other sites
mpine 0 Report post Posted April 16, 2004 I have refi my lease option and land contract clients like this for 2 years. I usually recommend 13-14 month leases to allow the time to get the loan as you must show 12 months of rent recieved. I lend on these programs in 38 states, NY, MA, CT, VA just to name a few. Mike :ph34r: Share this post Link to post Share on other sites
Andrew Ikeda 0 Report post Posted April 16, 2004 Greetings Investors, The refi on these lease option loans is just an option. There are other ways to go about and around this for those who would rather do it sooner than later. Contact me for details. Thanks, Andrew Share this post Link to post Share on other sites
