Summit Lending is texas mortgage broker specializing in investor loans. From 0 down, to no income verification, no documentation, cashouts with no seasoning.APPLY ONLINE, for quick prequalification.

100% LOAN TO VALUE NON OWNER OCCUPIED MORTGAGE (Commonly called 0 down investor loans or rental property loans)

100% LTV investor loans and mortgages are extremely credit driven. It is possible to secure a 100% non-owner occupied loan with a 660 credit score. If you need a no income verification investor loan at 100%, you will need a 700 credit. It is best to do these types of loans as one loan , first lien only with no PMI for smaller loans sizes. For larger loans it is usually best to structure your 0 down loan as a first and 2nd lien. (in most cases a 70-80% first and 20-30% 2nd).

We do 100% Investor loans often, there are some traps. I like to have summary from the borowerer about credit, financials and the property. (click here form my loan summary)

Call us anytime to discuss. Be ready to answer questions about your credit, investment experience and your personal finances. Its a good idea to keep an updated personal financial statement. Dont be the interest rate checker / tire kicker. I will give rates when I have good information.

credit score (if known), purchase price of investment home, can we show income an have under a 50% debt to income ratio.

OTHER WAYS TO SECURE 100% LOANS OR 0 DOWN INVESTMENT PROPERTY LOANS

Using private or hard money is another way to buy fix up or rehab property with 0 down.
Note the difference between a mortgage and rehab loan.  Mortgages are long term solutions used for holding rental property.  0 down investor loans DO NOT  fund repair costs nor will they fund on property that is inferior , incomplete or has any structural damage.

The genious of using private money  is the ability to structure 100% loan to cost (loan proceeds include acquisition and repairs) If you then want to hold the property as a rental you then refinance the rehab loan into a long term mortgage after you have made repairs. Now you are financing typically no more than 75 -80% of market value and capturing a  much better interest rate and you have 25% equity the day your renter moves in.

ASK US TO EXPLAIN THE ABOVE SCENARIOS.

Summit Lending 866 489 5363