Lenders now have programs that allow 100% financing for investors who are seeking to purchase Non Owner Occupied properties.Taking advantage of 100% financing on an investment property will free up cash for future purchases.
100% financing for non-owner occupied properties have slightly higher interest rates due to increased risk to the lender.
I have done many 100% investment property loans. They are now offering 100% investment property
products that include Stated Income/Verified Assets and Stated Income Stated Assets.
No money down investment property financing is currently available. There are even programs where the investor/borrower does not have to prove income.
As
economic conditions change and money policies tighten, these kind of loans are usually some of the first to go away. If you have ever considered purchasing investment real estate but don't have a lot of cash for a down payment you may want to speak with a mortgage professional soon while loans such as these still exist.
