I am looking for an option arm for an investor who would like 100% cltv. Mid score is over 760 however, he owns 13 properties currently and is purchasing number 14. anyone got any ideas?
B
100% Option ARM’s aren’t available for investment properties, only available at a handful of lenders for primary residences.
Is the investor looking to make neg-am payments or I/O? If neg-am is the property being purchased under market value?
If the investory has that kind of score I can easily mix-match 100% financing for anything 4-units and under. Regardless of the neg-am option loan. There are various options if he has 13 properties.