I can’t get a lender
I have a borrower who currently has a $200,000.00 home that wants to lease it out because his children and the neighbors children are brutal enemies. However, the house that he wants to purchase is only for $100,000.00. My delima being that I can’t get a lender to accept this as an Owner occupied property. I have been working this file for a month with no success, so I am turning to the knowlege and wisdom of this message board for help. You guys have saved loans for me in the past. Lets see how good you really are! He has a 609 Middle score and the property is in Oklahoma.