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, www.homepath.com.
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)
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