investor financing: Investor Financing with 10% down payment - 09/08/13 11:12 AM

Yes, you read that correctly.  There is a program that allows for investors to buy a property with a 10% down payment.  This is available wiht the Homepath properties listed on the Fannie Mae (FNMA) website,  
While buyers purchasing for their primary residence only need a 3 % down payment, investors can enjoy a 10% down payment requirement.  Most investors have found down payments requirements of at least 25% with other programs.
There is another benefit of this program, NO MORTGAGE INSURANCE!  This additional expense can reduce the amount of buying power for any buyer.  The interest rates … (2 comments)