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Real Estate Investment 100% FinancingReal Estate investment 100% financing loans are now available at reasonable rates. While the rates for the 100% financing program are considerably above the conventional market, they are nowhere near what a "hard money" lender would charge. Generally, these real estate investment 100% financing 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. In most cases I have been able to buy out or reduce the prepayment penalties that most lenders are demanding to give you more flexibility in managing the real estate investment. The no down payment real estate investment 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. Interest only variations are available and you often have a choice between medium term arms and fixed rate loans. Please Note: Due to continuing heavy volumes of purchase and refinance business, all of my investor appropriate lenders have found it necessary to impose minimum loan amounts. Unfortunately, I will not be able to assist you if your loan amount is below $100,000. Please understand that this is not a minimum imposed by either Carteret Mortgage or my branch but by the lenders we work with. Hopefully, this situation will be resolved soon. Please email me with any questions about the Real Estate Investing 100% Financing Learn more about Real Estate Investing 100% Financing Closing Costs I have a page on how to calculate your qualification ratios. I have a page on documentation requirements. Limited and No Documentation loans are now available for investment properties. 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, you will need commercial loans. 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 need to maximize your cash flow, you may want to consider using one of the new interest only loans. Here are my thoughts on the difficulty of "flipping" investor properties. If you are looking at foreclosure property as an investment, I have a free report available by email. New! I have added a page on how to properly compare different investment property that may be helpful to you Rehab programs for non owner occupied units Learn about closing in an LLC 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. New! View my Wealthbuilder presentation and learn the safe way to manage your debt and fund your retirement. I hope the information on this page was useful to you. Please scroll down to view my Mortgage Market Guide. It is a weekly publication explaining the financial markets from a consumer's perspective that is available on this website or by email subscription. I have nearly 8,000 subscribers today and would be happy to have you as well. Your email address will never be used for any other purpose.
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