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.