With Qualified buyers obtaining rates in the 2% range, why sink so much money into Dead Equity? You can still get an awesome deal by simply proving you can pay cash, but then financing a portion.
Take a good look at this Realtor GFB (Good Faith Bid) that can be used with the below loan programs to pay closing costs and more! http://www.trulia.com/blog/steve_31/2012/07/500_000_purchase
97% LTV- No PMI/MI and No 1.75% FHA FEE
95% LTV- No PMI
95% LTV- CONDO
90% LTV- No PMI-2nd Home
90% LTV- JUMBO
85% LTV- NO PMI to Super Jumbo
80% LTV- Invest. Prop.
STATED INCOME ALT loan programs: http://www.StatedIncomeAlt.com
80% LTV- FIX nâ€™ FLIP Invest. Prop.
80% LTV- NEW- Stated Income Alt
75% LTV- NEW- Foreign Nationals- Stated Income Alt
75% CLTV-NEW- after Short Sale, BK or Foreclosure
70% LTV- Soft and Hard Money -Stated Income Alt
LOT/VACANT LAND LOANS up to $30,000/ $363.00 mo. pymt.
COMMERCIAL PROGRAMS (many programs available nationwide)
Pro Option Mortgage/Florida
Ph: 888 662 4404
Prior Service U.S. Marine Corps