Most loan programs for real estate investors require a minimum of 20% down.
However, there is one program that only requires a 10% down payment.
Fannie Mae foreclosures that are listed as qualifying for the Homepath program have more favorable financing for investors.
The benefits to investors are…
1) Up to 90% LTV financing.
2) 660 FICO score minimum.
3) No MI.
4) No appraisal.
5) Up to 2% sellers concession from Fannie Mae.
6) 75% LTV with a 620 FICO score for over 4 financed properties.
7) Up to 10 financed properties total.
Just ask your Realtor to do a search for Homepath properties. …then call or email me, and I will get you the loan.
Brett
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