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Renters occupancy > 50% 6/23/2019 3:16:21 PM  Broker Location: CA/91362 Alt-A/CA/91362
PostID: 50345     Status: Closed  
Property Type Condo 
Units 1 Single 
Occupancy Owner Occupied 
Purpose Purchase 
FICO 676 
DTI 42 
Doc Type Full 
Product Type 30-Yr Fixed 
Lien Position First 
Appraised Value: $245,000 
Loan Amt 1st: $196,000 
Loan Amt 2nd:  
LTV: 80% 
CLTV: 80% 
Keywords: Non warrantable
General Notes: This is a clean borrower(s) but the condo complex Renters have >50% occupancy so a Fannie/Freddie loan not possible
 Replies: 6 
Name: Leslie Rudd Phone: 305-725-1247 6/24/2019 6:36:52 AM
Company: Angel Oak Mortage Solutions Email: Leslie.Rudd@angeloakms.com Display Advertiser: pages 90148
We do not have a cap on occupancy, please feel free to contact me if you need further information.
 
Name: Wayne Uwate Phone: 818-877-4642 6/24/2019 8:20:44 AM
Company: Athas Capital Group Email: wuwate@athascapital.com Display Advertiser: pages 86104
No condo cert and no issue with non-warrantable condos at Athas Capital.
 
Name: Jay Blanco Phone: 971-701-8594 6/24/2019 9:23:22 AM
Company: HomeXpress Mortgage Corp. Email: jblanco@homexmortgage.com  
We have a program for this borrower! Plus HomeXpress wants your business - call me about the Loan Officer rewards program 971-701-8594 you could qualify with this loan!
 
Name: Paul Lucido Phone: 951-547-6311 Ext 358 6/24/2019 11:44:45 AM
Company: PRMG-Paramount Residential Mortgage Group Email: plucido@prmg.net Display Advertiser: page 39
That appears to be a scenario that would be eligible with us. Please contact brokerservices@prmg.net to be put in touch with an Account Executive who can assist you. The 50% occupancy rule that makes this a non-warrantable condo does not apply to Owner Occupied property transactions.
 
Name: Denis Kelly Phone: 888-943-2833 6/25/2019 9:27:03 AM
Company: Sprout Mortgage Email: solutions@sproutmortgage.com Display Advertiser: page 85
Sprout Mortgage can likely assist with this loan. Please contact me for additional information.
 
Name: James Pierce Phone: 888-297-4440 6/26/2019 8:42:30 PM
Company: FMC Lending Email: jp@fundmortgagecapital.com  
10 day close with fund pricing available. Give me a call or shoot me an email and lets get this started!
 
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