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Kelli Haynie
American Homefront Mortgage
3305 Northland Drive
Suite 208
Austin, TX 78731
Phone: 512-423-4624
Fax: 512-407-8414
Contact Form |
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Austin Texas 100% Investment Property Loans
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100% Financing on Investment Property Loans
Full Documentation or Stated Income Programs
Fixed or Adjustable Rates
Competitive Rates |
Investment Property Financing
If you are looking to purchase an investment property with no money down, you have come to the right place. Austin Texas Mortgage Lending works with some of the most innovative wholesale lenders in the country so that we can offer a great selection of niche 100% rental property financing solutions. Most lenders consider 100% investment property loan programs to have considerable risk. In turn, they end up jacking-up their rates for the consumer or simply do not offer these products in their portfolio. Austin Texas Mortgage Lending has broken the mold in the industry and actively works with several investors that have competitive pricing on 80/20 and straight one hundred percent investment property loans. Make sure to discuss your intentions with your Austin Texas Mortgage Lending loan advisor prior to selecting a program.
No Money Down Investment Property Loan Highlights:
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- Highly competitive rates for 1 to 2 unit rental properties (single family homes, condos & duplexes).
Options exist for 3 to 4 unit properties although pricing tends to be slightly higher and guidelines are more stringent.
- Minimum 680 credit score.
- 80/20 option can be used to avoid PMI (private mortgage insurance). This requires both first and second mortgage programs (aka piggyback loans).
- Purchase transactions only.
- Single 100% investment property loan with no second mortgage may be available but will likely include discount and/or origination points.
- Stated income loans are available with a 5% down payment.
One hundred percent investment property mortgages are not “run of the mill” loans. Each lender has a different set of criteria that they require for their programs so it pays to work with an experienced broker.
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