No Money Down Investment Property Financing is Available in Most States
"After a significant change in the secondary market in February(2006), we have actually strengthened our underwriting/lending relationships in order to be able to continue offering 100% financing on residential investment properties (SFR, condo, townhome and 204 family)," said Al Rodenburg, Branch Manager.
Mr. Rodenburg continued: "Although some of the lower end 100% financing programs (for credit scores from 620-659) have been eliminated, we have actually increased our resources for financing for individuals with 660 and higher scores."
Loans on single family units are still available as 1 standalone first mortgage, but most loans for this type of financing are done as "combos" (70%-80% 1st mortgage, combined with 20%-30% 2nd mortgage). Those interested may call direct at: 281-576-7655 or the Toll-Free #: 1-877-209-8600, ext. 226.
No Money Down Investment Property Financing is Available in Most States
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