Tip of the Day ~ Non Permited Additions

 -  Tip of the Day ~  Non Permitted Additions:

 

Question :  Will we consider loans with non-permitted additions?

 

Answer    :    Yes, regarding FNMA ability to purchase loans with non-permitted additions to

                       properties.  And all our investors should and probably will purchase them too.

                       But there is a catch; the additions cannot have any electrical or pluming done to them,

                       and cannot add value to the property.

                       If the above requirements are met; then yes we can do them with our investors too.

 

 

CAMILO MORENO

Mortgage Professional

Purchase Money Specialist

Great western Bancorp Inc.

6033 W. Century Blvd # 700

Los Angeles CA 90045

310 216 1700 ext 116

310 216 1750 Fax

www.gwbmortgage.com