No Down Payment Investor Loans
No down payment investor loans are now available at reasonable rates. While the rates for no down payment loans are considerably above the conventional market, they are nowhere near what a "hard money" lender would charge. Generally, these no down payment investor loans are set up as either 80/20 or 75/25 combination financing with the first trust set at 80% (or 75%) of the sales price to eliminate the need for Mortgage Insurance and with a second trust for the balance. Pricing on the first trust is somewhat more attractive on the 75% first with the second priced the same in all situations. I now have one lender offering no down payment investor loans with just one loan.
The no down payment investor loan program requires excellent credit (720 middle credit score) and you will need to verify 6 months of PITI reserves available. It is a fully documented loan and is available for a single family, townhouse, or condo.
Learn more about no down payment investor loan closing costs.
I have a page on how to calculate your no down payment investor loans qualification ratios.
I have a page on documentation requirements.
If your interest is in foreclosure property as a real estate investment, visit my foreclosure page for information and links to property resources.
If the building you are looking at contains 5 or more units, it will be considered a commercial property. We can still help you with your financing needs. As a commercial property, it will require a down payment.
Also, I offer an Investment Options Analysis free. It could confirm a deal makes sense or keep you out of a bad investment.
If you are looking at foreclosure property as an investment, I have a free report available by email.
Here are my thoughts on the difficulty of "flipping" investor properties.
If you need to maximize your cash flow, you may want to consider using one of the new interest only loans.
New! I have added a page on how to properly compare different investment property that may be helpful to you
As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your consumer and mortgage debt is structured today can have a life changing effect in the years to come. Read more about this free, no obligation service.
Prequalify for your No
Down Payment Investor Loan.