NOO zero down mortgages for investors.

Zero down, real estate investment, NOO or non-owner occupied financing is available through Mortgage Match at reasonable rates. While the rates for these programs may be somewhat higher than the conventional, owner-occupied market, they are nowhere near what a "hard money" equity lender would charge. Generally, these loans are structured as either 80/20 or 75/25 (combos) combination mortgages, with the first mortgage amounting to 80% (or 75%) of the sales price, and a second mortgage making up the balance. In most all cases, this eliminates the need for Private Mortgage Insurance (PMI).

The zero down real estate investment financing program requires excellent credit (680 midscore FICO to take advantage of the widest selection of NOO lenders with the most competitive rates) and the borrower may need to verify up to 6 months of available PITI... meaning it may be possible that a borrower needs to show a bank account of some type, which sustains an amount equal to or greater than 2-6 months of principal, interest, taxes and insurance payments.

There can be exceptions to the midscore FICO requirement, but your loan consultant will need to know how and where an exception is possible; in order for you to get one... for instance, it's possible that a borrower with a 620 midscore FICO, who can go "full doc", can be qualified for zero down, NOO financing.

NOO, zero down mortgages usually work best as a "full doc" mortgage (your income can be verified), but a "stated income" mortgage (your income is not verified) may be possible under certain conditions. Stated income mortgages can be approved for borrowers with midscore FICOs as low as 660. But, both borrowers who have midscore FICOs less than 680, and those mortgage seekers who need to be qualified as stated income borrowers, will be looking at paying higher rates than borrowers with FICOs at 680 or above, and who can fully document there income.

NOO, zero down loans are available for single family (SFRs), townhouse, condo or 2-4 unit properties. Mortgage Match can arrange NOO, zero down mortgages across the country, as well as for borrowers seeking mortgages for second homes. These mortgages require manual underwriting, so a Senior Loan Consultant will need to assist you in your preapproval and application for an NOO, zero down mortgage. You can talk directly to a Senior Loan Consultant, or schedule a free consultation, by clicking here.
To learn more about NOO 100% financing, and see FAQs on the subject, please click here.