Investor Loans
It’s a “total investors buying market” in Austin right now - WOW!!! There’s blood in the water!
The smartest Investors are “closing” fantastic deals on Austin Texas real estate from sellers desperate to sell their homes - and theres lots of foreclosures and HUD foreclosures to choose from! I’ve never seen such a better opportunity to buy rental homes (I own 2 currently.) Imagine an investing market where 80 percent of your "competition" was just forced out of buying because
Lenders NOW require 10% MINIMUM down payment on ALL Investor loans! There are
NO MORE $0 Down loans folks...those days are gone forever - and 80 percent of your fellow Austin Texas real estate investors are "forced" to sit on the sidelines! Hire an excellent
Austin Texas Realtor to help you locate some below market home deals.
Whether you’re a first-time Investor, or a seasoned veteran – I want to share with you my “Top 5” New Investor Loans. Most of these offer you an incredible way to buy 1 or 2 more homes to add to your “rental collection” (I’ve bought 6 in the past few years myself!) More information at our
home page.
Here are our “Top 4 Favorite” Investor loans:
1. Your first loan option is doing a Stated-Income, 15% down payment, 30-Year Fixed loan at 7.5% at PAR. This requires a 720+ minimum fico, and can be done up to 85% LTV, and up to a $417,000 purchase price. The loan has stated-income and verified assets. Principle and interest payments would be $699 on a $100,000 loan, $1049 on a $150,000 loan and $1,398 on $200,000.
2. Your next loan option is doing a Stated-Income, 15% down payment, 30-Year Fixed loan at 8.375% at PAR. This requires a 660+ minimum fico, and can be done up to 85% LTV, and loan amounts up to $417,000. The loan has stated-income and verified assets. Payments would be $1140 on a $150,000 loan, and $1520 on a $200,000 loan.
3. Your 3rd option is doing a 90% LTV - 10% down 30 year fixed loan. These loans have great interest rates at 6.875% done Full Doc, typically with a 680+ or higher mid-fico.
4. Your 4th option is doing an 85% LTV - 15% down Hybrid Option Arm at 8.875% - but with payments at 5.875% as an Interest-Only minimum payment loan - for the LOWEST payment possible.
Your next question is - "What part of town would you prefer looking at new homes and/or resale Austin Texas Homes for sale?"
Let's get going on your Loan Pre-Approval and start looking at homes to invest in!
Jeff
Jeff Boyce
Owner
Texas Mortgage Specialists, LLC #71170
(5123) 289-9900