100 % home loans 80/20 Home Mortgages

 
 
 
100% loans are back. Having enough money to close a real estate loan is a major problem, however you can still purchase real estate, with no or lile money down.

100% home loans 80/20

  • Minimum 720 fico score required.
  • Great FHA alternative financing
  • 80/20 COMBO loan 80% 1st and a 20% second mortgage.
  • No mortgage insurance, impounds or reserves.
  • Great equity builder as second mortgage loan gets paid off faster.
  • Some closing costs can be paid by seller.

 

97%- 103%  Fanniemae Home Ready loan programs

 

    • Homeready lending programs offered by Fannie Mae
    • 97% LTV for low to moderate income borrowers
    • 103% CLTVs allowed with Fannie Mae homeready using grants, downpayment assistance
    • 3-4 units properties available
    • Better pricing and benifits than FHA programs
    • 100% of average median icome used
    • Non owner borrowers allowed


95%- 105% Home Possible program

  • HPM Suite of lending programs offered by Freddie Mac.
  • 97% LTV for low to moderate income borrowers.
  • HPM loans as high as 97% LTV with 105 % CLTV
  • 3-4 unit properties allowed.
  • Minimum Ficos 620- 680
  • Declining markets lower LTVs by 5%

97%FHA home loans

  • Government insured loan program with 3% down payment.
  • Loans limits change from city to city from $271,050- $729,750 in major cities.
  • FHA cash out 85% for 12 month to up to 95% for 12 months.
  • Loan programs 30 year, 15 year and 5 year fixed and adjustable.
  • Minimum fico scores 600

80% Stated home non owner loans/mortgages

  • Minimum 720 fico scores required
  • 2/28 and 3/27 mortgages
  • No mortgage insurance

 

All these loans are for single family homes usually, owner occupied  and for principal residences. No land loans,coops, or commerical properties and non owner properties.

 

 

 

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