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One of the two remaining manhattan-based lenders that issue no-income-check mortgages – which cater to buyers of high-end real estate – canceled its loan program, leading insiders to speculate. You can also use an FHA 203(k) mortgage to borrow additional funds to rehabilitate the home if it needs more than $5,000 in repairs.
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Jumbo Mortgage Wholesale Lenders No Doc Loan Lenders The risky ‘leveraged loan’ market just sunk to a whole new low – "No-doc underwriting" is a reference to the low standards of subprime. We are also concerned that the pace of growth has been quite rapid for some time," Carney added. Leveraged loans are so called.Down payment. Jumbo loans generally require at least 20 percent down payment or equity from the borrower, says Mathew Carson, a mortgage broker for First Capital Group Inc. in San Francisco.
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"The terms of eligibility for a USDA loan are twofold, because not only does the borrower need to qualify, but so does the property," says Tommy Xintaris, a senior mortgage banker with Envoy Mortgage.