- Jun 7, 2004
- Professional Status
- Certified Residential Appraiser
- New York
Talked this evening to a local MB. He has a purchaser attempting to buy a 1.2 million home. $600K down payment, impeccable credit, self employed so he must go stated. He cannot get this person a loan. He has another purchaser, marginal credit, 3% down and he can get this person full doc FHA loan of 97% of the purchase price. something is very wrong out there.