100% financing - Posted by patk

Posted by Scott Herbert on November 17, 2000 at 11:52:20:

The only way I have seen 100% on a 3 family is if seller will hold at least a 30% 2nd mortgage.

100% financing - Posted by patk

Posted by patk on November 17, 2000 at 11:01:39:

Hi Ed,

Can I get 100% financing on investment property(3-family).
I have a good credit rating. What would the 2nd mortgage
interest be like?

Pat

Re: 100% financing - Posted by Paul Macdonald

Posted by Paul Macdonald on November 20, 2000 at 20:45:58:

Not with any Fannie/Freddie lender. You’ll need portfolio money and seller take backs.