100% Financing: Why It Doesn't Mean Closing Costs Are Covered

[Robert Garcia]

Have you ever had a client or partner misunderstand 100% financing and expect it to cover closing costs? How do you break the news? Let's talk about the realities of 100% ARV financing and what borrowers need to know upfront.

[Erik Estrada]

Quote from @Derrick E.:

If they didn’t know there were closing costs then they probably don’t have the experience to receive 100% financing lol 

 Exactly. 

Honestly some of the best borrowers I have worked with (10+ flips in the past 3 years) do not even do 90% LTV. They typically put 20-35% down. It's always the new ones that shop you to death and are asking for unrealistic terms.