I am searching for an 100% investment loan. I will be going stated w/730 middle score on a condo in Scottsdale AZ. “How do I find this loan”?
There are people on this forum that can assist you—I suggest contacting Investment Loans on this forum…
Regards,
Scott Miller
where do I find them? Thanks!!!
Investment Loans is a member of this site. I sent you a link to the contact information for him via PM.
You can communicate with him via PM (private message)
100% investor “Stated” loans I don’t believe are available any longer as of a month or two ago. Best Ive seen is 95% with a 720fico. If you do happen to find it the rates will be astronomical.
I agree,
Haven’t noticed a 100% stated for quite awhile, unless you’re getting gift funds from a relative. For example, 90% stated income loan from the lender and 10% gift funds for the down payment.
Most 100% loans are full doc. The primary lender on this requires that you must have a 2yr history of owning at least 50% of your properties.
Two other options for 100% full doc would be to use a lender first mortgage and seller 2nd up to 100%.
Or
A combo loan 80/20.
Either of these would elliminate having to worry about the property ownership requirements most investor will run into.