About ten years ago, with Fannie Mae and Freddie Mac, there were a few mortgage companies that have introduced no money down loan options, which means they gave the required 3% down as a gift.
Since the financial collapse, these options have become incredibly scarce.
The answer to getting a zero down mortgage is with Hard Money Sources, which connects borrowers and lenders in the private investment and hard money marketplace, announced this week that real estate investors. can now get a loan to cover the entire value of their investment.
Even if an investor has good credit, the problem arises when their money is tied up in other projects. The solution is in the form of two loans, the first is a personally guaranteed loan, and the second is a hard money loan backed by the equity in the property
Combined loans can range from $100,000 to as much as $1 million.
- Borrowers must have a minimum FICO score of 680
- Provide income verification
For more information, check out the website https://hard-money-sources.com/