BLOODHOUNDBLOG.COM

There’s always something to howl about

Most Creative Loans We Funded in 2013

1- We funded a $900,000 Orange County purchase with just 6.5% down payment and no mortgage insurance

2- We funded an Orange County condo, with a VA loan, and got both the Master Association and Condo Association VA approved in 30 days

3- We funded a $600,000 San Diego County purchase, with just 5% down payment and a seller-carry back second mortgage and a conventional first mortgage.

4- We funded a 7-unit San Diego apartment property, $820,000 purchase price with just 10% down and a 20% seller-carry back second mortgage.

5- We funded an “underwater” property with loan values at 135% of the appraised value in Los Angeles County.

Related posts:
  • Things You Can Legally Do In Nevada
  • The end-times are upon us: DocuSign spam…
  • Has your town pissed away a fortune on the so-called ‘creative class’? Bad news from Richard Florida: “On close inspection, talent clustering provides little in the way of trickle-down benefits.”

  • 3 comments

    3 Comments so far

    1. Dana Anghel January 15th, 2014 1:56 am

      I like reading stories like these. Although I am still new to the mortgage business I am finding it very very rewarding when deals like this finally fund. I love the challenge of finding solutions for borrowers even though it can at times also be very frustrating.

      I’m wondering how you deal with inevitable situations such as working on a jumbo loan for weeks or even months only to have the deal fall through? How do you keep your spirits up when things like this happen?

    2. Michael Cook February 4th, 2014 12:23 pm

      You know anyone working in Maryland? Need some creativity on a 10 unit apartment complex.

    3. Brian Brady March 13th, 2014 8:33 pm

      “How do you keep your spirits up when things like this happen?”

      I don’t. I just keep plugging along, trying to stuff the pipe. Sorry this happened to you but I guarantee it will happen again. Keep plugging