Okay, I'm a small business, where's my help?

[MadJack]

I closed on a construction loan 3 weeks ago with 45% down. My business opened 4/25/2011. Healthy income. Credit score is lower than yours. No debt. I'd try again with another bank. Good luck

Saint would get approved with a 45% DP too.

 

[Duff Miver]

Saint would get approved with a 45% DP too.

If saint really had $300K income and a credit score of 800 (top 5% of population), banks would be begging him to take their money.

 

[WhatsHisNuts]

Saint would get approved with a 45% DP too.

100% correct.

 

[PaSprint]

What you're saying is either total BS, or there's something you're not telling.

With a credit score of 800, and a verifiable income of $300 K, you can get a loan from most any bank you walk into. FNMA and GNMA don't need to be involved. Most any bank will make you a loan on their own hook.

So why can't you get a loan?

A. You want to borrow a million dollars on a home appraised at $250K.

B. You don't have proof - W2s, 1099s, 1040s, etc that your income is really $300K.

C. Your $300K income is one-time: Inheritance, Vegas winnings, settlement of a lawsuit.

But....if what you said and implied is actually true:

800 credit score

$300K verifiable, sustainable income

and if your present debt is >$100K

And if your present net worth is any + number

And you still can't get a mortgage loan

Then message me.

I'll lend you the money, up to 90% of appraised value, on any $500K house you like.

You couldn't lend Saint 10 grand you clown :mj07: You are the biggest "smoke blowing up the ass" individual on the website. Tramp is running a close second so keep up the good work.

 

[hedgehog]

I closed on a construction loan 3 weeks ago with 45% down. My business opened 4/25/2011. Healthy income. Credit score is lower than yours. No debt. I'd try again with another bank. Good luck

if you put 45% down on any loan it gets approved :shrug: the bank can't lose