Is 100% funding even possible for a new investor?
I've looked and looked and fought off scam after scam trying to find the ever elusive, "100% funding" company to partner with as a beginner. I already have a property under contract but do not have funds for a 10%-15% down payment on a loan that will still then leave me 10%-15% short on total cost plus whatever closing costs may be. So I ask you, BiggerPockets pros, does 100% funding actually exist and if so who can get me started with an application today?
I should add that I am in Ohio
Most Popular Reply
Are you going to be occupying the property? That is going to be the best way for you to get little or no money down. You can go FHA (3.5%) or look into credit unions and see if they offer any first time home buyers programs. If you're buying it as an investment there is likely no way to avoid the downpayment. Purchase as primary and house hack!