|
It's gonna be on some one-off program. 4 units, 2 of which commercial is gonna be tough. It's gonna require full review by the lender, and they'll want to see everything, cc&r's the whole bit - in other words, a case by case approval.
I'd check the existing owners to see where they have their loans held at - someone has to be doing it somewhere.
Usually, count on the rate (don't quote me on this!) i haven't done the research yet) but around 1% to rate premium over conforming guidelines. It's not a set add to rate since it's basically a niche approval.
I'll do some snooping around when I get to work today.
__________________
In the movies only bad guys sleep in king size beds.
|