CEMA Lenders for purchase
Started by Lemmiwinks
over 8 years ago
Posts: 0
Member since: Nov 2016
Discussion about
Can anyone advise on which lenders are doing CEMA loans for resale purchase? I have not had any luck searching recent threads.
Wells Fargo does them with probably the least amount of resistance in the marketplace. Also, a client of mine is doing a purchase CEMA with Citizens right now, as well, but he needed an exception to get it done. Email me if you'd like referrals to the loan officers with whom I've done CEMAs without hassle.
Dan Gotlieb
Digs Realty Group
dan@digsrealtynyc.com
www.digsrealtynyc.com
Citizens Bank does, as does Capital One. Reach out to Sunny Hong, he did a great job for my last client.
I have lenders who will do a purchase CEMA, however a seller's lender would have to produce the original note. Not even Wells Fargo would go forward without that. Then the purchaser is probably in contract. But it's worth a try.
Ellen Silverman
Licensed Mortgage Broker since 1990
NMLS#60631
esfundingco@aol.com