dvought 0 Report post Posted April 5, 2008 I was supposed to close on Friday on a refinance loan for a house in Kansas City, MO. Everything was going along fine, but now at the last minute the Underwriter is saying they won't move forward because it is 100% financing (which it's not) on an investment house. Here's the details: Location - Kansas City, MOCash flowing with Section 8 Tenant in placeSFR - just appraised at $78KRefinance Loan Requested - $58,500 (75% LTV)Personal credit score (mid-score) - 792 on 2/12/08 I just bought this house recently, so I need a lender with no seasoning requirements. (The house was recently rehabbed, so the title work shows a lot lower purchase price within the past year by the investor I bought the house from.) Also, I'm not looking to pay any points. The appraisal and title work are already done. I would like to work with a mortgage company who can close quickly. The house is cash flowing, and I'd like to start making money on it! Also, I have 2 more houses (and in discussions for 2 additional right now) in Kansas City, all of which need refinancing at the same 75% LTV. In addition, I have 3 Birmingham, AL houses that will need the same within the next month or two. I am looking to work with someone on an on-going basis who can keep the costs down for closing costs, act quickly, and most importantly DO WHAT THEY SAY THEY WILL DO. I can also close in my LLC, if anyone has a program for that. Feel free to respond on this forum, email me at hopefulhomesolutions@hotmail.com, or call me at 631-219-2295. Thanks.Dawn Share this post Link to post Share on other sites