Posted by Ryan on December 05, 2000 at 13:11:14:
I do know of a lender that will oan 100% but the lender requires a credit score of 700 or higher. The interest rate is around 12.85% and there is mortgage insurance. If this is something that would be of interest to you email me.
100% Financing - Help! - Posted by Gonz
Posted by Gonz on December 04, 2000 at 21:23:23:
Have anyone had success finding 100% financing?
Re: 100% Financing - Help! - Posted by Stan_PA
Posted by Stan_PA on December 08, 2000 at 01:31:23:
Gonz,
There are a number of ways to get to 100% financing, many of which involve the cooperation of the seller. If you are looking for 100% LTV lender financing, those programs are readily available if you have decent credit; in fact, there are a number of lenders that will do up to 107% LTV on an owner-occupied property if you have OK credit.
If you are looking at investment property, those programs will not be available to you. You still have options to consider, however. If you have a seller who is willing to carry back a small mortgage you can get in with a minimum of downpayment money. The other option is to make offers well below the going market rate to motivated sellers, deals which can be financed with hard money at 100% of the purchase price based upon the market value of the property.
Stan_PA