With your score, you should have no problem getting zero down NOO? The rate will depend if you go stated or full doc.
Try for 80/20 NOO with full doc. May get five year arm around 6 % APR and second around prime plus 3 %. Expect slightly higher for stated income. The rates are just for planning purpose. Your lender may have totally different program. Try to find some one who offer many NOO 100 % programs. Some program might be as higher 8 %.
I currently own my home, two single family houses, and a duplex. I’ve lived in each of these properties at some point over the last nine years, so every property I’ve ever purchased was for owner-occupied. I want to begin to purchase properties strictly as investments (no more moving). I’m not crazy about the idea of saving up 20% to put down, and I’ve read about opportunities to obtain up to 100% financing. What kind of interest rates can I expect to find for a 90-100% LTV loan? My credit score is 710, and I live in the Kansas City area.
Sam is right about the 100% NOO. To answer your question about hard money: Hard money lenders lend money based on the After Repair Value of a home. This is typically 65% or sometimes 70%. For example, if you are looking at buying a SFR for $150K, it needs $30K in repairs, but after the repairs are made, it would sell for $275K, the hard money lender would lend at 65% of the $275K or $178,750. Credit does not matter to a hard money lender, although some want to see your credentials to rehab.