IRE.com Newsletter
E-mail:
Subscribe
Unsubscribe
CALL TOLL-FREE:
1-888-ZERO-DOWN
(1-888-937-6369)


FIRST FIDELITY CENTERS


FEATURED ADVERTISER: RESIDENTIAL LOANS
5% Down Investment Property - Purchase Loans
Receive lower rates and payments by putting down 5% of the Purchase Price! While our $0 Down options allow for minimal cash out-of-pocket, a 5% Down Payment allows for a smaller overall loan size as well as a better rate on the 2 nd mortgage. This yields a lower payment that can help you maximize cash flow while also providing a small cushion of equity.

Additionally, the 5% Down Payment mitigates our Bank's risk and therefore we offer a true NO DOCUMENTATION loan option. While typical No Income Verification loans still require a recent 2-year job history in the same line of work, the true No Documentation option requires NO JOB/EMPLOYMENT VERIFICATION. This means that now you can invest in real estate with only 5% Down even if you are Retired, newly self-employed or have significant gaps in employment over the past 2 years!


Special Terms and Features
CREDIT SCORE & DOCUMENTATION REQUIREMENTS
Full Income, Asset and Job Verification: 660 (up to 4-unit properties ok)
NO Income Verification: 640 (680 for 2-4 unit properties)
NO Income or Asset Verification: 660(680 for 2-4 unit properties)
NO Income, Asset or Job Verification: 680(up to 4-unit properties ok)
LOAN OPTIONS
Eligible Property Types: 1-4 unit incl. Duplex, Condo, Townhome
Ineligible Property Types: Mobile, Mfd, 5+ Unit Residential
Fixed-Rate Options: Choice of 2, 3, 5, 15 or 30 years
Mortgage Insurance: NONE REQUIRED
Interest-Only Payments: YES
Minimum/Maximum Loan Size: 100k/800k varies by doc.type
OTHER
Prior Landlord Experience: NONE REQUIRED!
Geographic Restrictions: may not be available in AK,AR,MN


Special Offer

Ad Partners
http://www.therealestatehomeshow.com/

Subscribe to our Blog, InvestRealEstate.com
[Valid RSS]