Have an Amazing Deal - Looking for 100% Financing

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Have an Amazing Deal - Looking for 100% Financing

Omitola LaCoi
Decatur · Member since 2020 · 1 post · 0 votes

I have an amazing deal, and I am looking for a lender that can provide 100% financing for a new investor. The owner wants out and is selling the home for the remaining balance of the mortgage (220k), homes in the area are selling for 360-400k+. The home needs minimum repairs and is currently under contract. I am available to discuss at any time (240) 459-8185‬



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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    8mo

    This will be tough to com across as a first timer. There are programs however that allow a 10% down minimum as long as you have a 740 FICO and the rehab is light. 

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
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  • Vijay FriedmanBusiness Member
    Miami, FL · Member since 2026 · 766 posts · 122 votes
    4mo
    Quote from @Omitola LaCoi:

    I have an amazing deal, and I am looking for a lender that can provide 100% financing for a new investor. The owner wants out and is selling the home for the remaining balance of the mortgage (220k), homes in the area are selling for 360-400k+. The home needs minimum repairs and is currently under contract. I am available to discuss at any time (240) 459-8185‬



    @Omitola LaCoi

    If the payoff/purchase is around $220k and nearby homes are truly selling around $360k–$400k+, this could be a strong equity spread, but 100% financing for a new investor is still going to be lender-specific.

    Most hard money/private lenders will want to verify:

    • actual property address
    • ARV comps
    • repair scope and budget
    • borrower experience
    • credit/liquidity
    • contract price/payoff amount
    • exit strategy
    • whether “minimum repairs” is cosmetic or required for resale/rent

    If the deal is really that discounted, a lender may get interested, but many will still require some borrower funds or reserves, especially for a first-time investor. 

    786-656-0387
    DreamPoint Capital
    WebsiteView Page
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