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1281Solutions
9220 SW Barbur Blvd.
Suite 119-345
Portland, OR 97219
US

1-800-642-9949
(503) 933-6668
Fax:Toll Free Fax: 1-866-611-7634
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mark@1281homes.com

1281 Homes Blog: Zero down payment loans are now available for real estate investors & Disciplined web site BELOW
THURSDAY, AUGUST 8, 2019 PROPERTY NEWS: Zero down payment loans are now available for real estate investors & Disciplined web site BELOW

Over the last few years, several lenders rolled out zero down payment mortgages for home purchases, typically gifting borrowers the minimum 3% down payment that was required by Fannie Mae and Freddie Mac to approve the loan.
Those loan programs all but went away when the government sponsored enterprises changed their rules to require borrowers to provide the 3% down payment themselves, effectively killing off the rise of zero down payment mortgages.

But now, zero down payment loans are back, but for real estate investors only.
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. Thats right as much as 100% of the loan to value ratio.
While most fix & flip rehabs are made by individuals that use their own capital, many individuals have expanded their rehab operations and need additional sources of capital, the company said.
Many successful investors with good credit often run into a cash crunch because their capital is tied into other projects, the company added. Hard Money Sources new lending program allows qualified borrowers to finance up to 100% of their real estate investment projects.

According to the companys website, the zero down payment hard money loan is actually a combination of two loans.
The first loan is a personal loan based on the borrowers individual creditworthiness and covers the down payment itself.
The second loan is a traditional hard money loan that is backed by equity of the property being financed.
According to the company, the combined loans can range from $100,000 to as much as $1 million.

Borrowers must have a minimum FICO score of 680 and provide income verification to the lenders to be approved for the zero down payment loan.
According to Hard Money Sources, the most a borrower can realistically expect from a hard money lender is a loan that equals 90% LTV or 75% of the value of the house after repairs.
But with this program, investors can secure a personal loan of as much as $100,000 (apparently from SoFi), which theyd then use to cover the lenders down payment requirement.
From there, the borrower can get their traditional hard money loan, and go on about their business.

For more information on Hard Money Sources' zero down payment lending program, please visit: https://hard-money-sources.com/services/zero-down-payment-hard-money-loan
Contact Information:
Mike Pearson
mikepearson@hard-money-sources.com
1-914-810-3136

SOURCE: Ben Lane

FREE TIP, SERVICE OR PRODUCT: Disciplined web site at https://www.entrepreneur.com/article/287005

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Thank you for your time.

Mark Bordcosh

1281Solutions
http://1281homes.com/
http://1281solutions.com/
Toll Free Phone: 1-800-642-9949
Toll free Fax: 1-866-611-7634
E-mail: mark@1281solutions.com
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