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100% Primary Residence and 95% Investment Property Financing Still Available
Challenge Financial Investors Corp (CFIC Home Mortgage) announced that the company will continue to offer high LTV financing for residential investment properties, in addition to its no down (100% of purchase price) program for primary residences. States affected: CO, HI, IN, MI, MN, MO, ND, NE, NH, NJ, NM, OK, SD, TN, TX, and WY.
Houston, TX, July 31, 2007 --( PR.com)-- Al Rodenburg, Sr. Managing Director of Challenge Financial Investors Corp (CFIC Home Mortgage) announced that the company will continue to offer high LTV financing for residential properties: both primary residence and investment properties. No money down mortgage financing is available for one's home, whereas the typical maximum for investment properties is 95%. On the investment side, whether properties are Single Family (condos, detached or townhomes) or 2-4 unit (multifamily) properties - financing can be structured with as little as 5% down. There is still one program available that allows a seller to carry back a 2nd so that an investor can purchase an investment property with no money down. For the primary residence buyer, who is looking to buy their first home, financing is available with credit scores down to 575 - at 100% of purchase price. Also of note, the company still offers a subprime financing program (for a middle credit score down to 550) that allows a seller carry-back 2nd - so that even the homebuyer with some problem credit can still purchase a home with no money down. Challenge Financial Investors Corp., based in St. Petersburg, FL, is licensed to do business in 46 states: AK AR AZ CA CO CT DC DE FL HI ID IL IN IA KS KY LA MD ME MI MN MO MS MT NC NE NJ NM ND NH OH OK OR PA RI SC SD TN TX UT WA VA WY WI VT. ### |
